Mercury, a leading digital banking platform designed for startups and AI‑focused companies, has successfully raised $200 million in Series D funding, boosting its valuation to $5.2 billion. The round highlights the growing demand for fintech solutions tailored to the needs of technology‑driven enterprises.
Serving more than 300,000 customers, including high‑profile AI companies such as ElevenLabs and Supabase, Mercury has become a trusted financial partner for the startup ecosystem. The new capital will be directed toward expanding its suite of services and pursuing regulatory approval to establish its own bank — a move that could further strengthen its position in the digital banking space.
The company’s rapid growth reflects a broader trend in fintech, where platforms are increasingly focused on providing specialized financial tools for emerging industries like artificial intelligence. By combining banking services with startup‑friendly features, Mercury aims to bridge the gap between traditional finance and the evolving needs of modern tech businesses.
