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Mercury Technologies
Enterprise Software
Mercury Technologies, Inc. is the formal legal name of Mercury, the San Francisco fintech banking company for startups, which in 2026 pursued a national bank charter and expanded into consumer personal banking.
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Mercury Technologies, Inc. is the incorporated legal entity behind the Mercury brand, the startup-focused business banking fintech founded in 2017 by Immad Akhund, Max Tagher, and Jason Zhang. As the company matured, it pursued a strategically significant step for a fintech that had, since its founding, relied on partner banks such as Choice Financial Group, Column, and Evolve Bank & Trust to hold customer deposits: an application to the Office of the Comptroller of the Currency for its own national bank charter, which, if granted, would let Mercury operate with substantially more independence and direct regulatory oversight rather than depending entirely on third-party bank partnerships to provide the underlying deposit-holding infrastructure for its roughly 200,000 primarily startup business customers. Alongside this regulatory pursuit, Mercury Technologies expanded its product line significantly beyond its original startup business banking core. In April 2024, the company launched Mercury Personal, extending its modern banking product experience to individual consumer banking specifically targeted at startup founders and investors who wanted the same streamlined, technology-forward banking experience for their personal finances that Mercury had built its reputation on for business accounts, offering features including customizable auto-transfer rules, multiple debit cards with individually configurable spending limits, access to expanded FDIC insurance coverage through its partner bank sweep network, and competitive yields on high-interest savings accounts. The company reached a $5.2 billion valuation following a $200 million Series D funding round in May 2026, reflecting continued strong growth and investor confidence in Mercury's position as one of the most widely used fintech banking providers specifically serving the startup and technology company ecosystem, alongside competitors including Brex and traditional banks that have historically served, with varying degrees of success, the specific banking needs of venture-backed startups and technology companies.
FOR QUALIFIED INSTITUTIONAL AND ACCREDITED INVESTORS ONLY: Under federal securities laws, private market investments on this platform are available exclusively to Institutional and Accredited Investors. Verification of status required before investing. Private investments involve significant risks including illiquidity, potential loss of principal, and limited disclosure requirements. "Augment" refers to Augment Markets, Inc. and its affiliates. Augment Markets, Inc. is a technology company offering software and data services, not a bank or financial institution. Cash Accounts are provided by Modern Treasury Corp. financial institution partners and through Augment's technology. Augment does not act as a money services business, provide money transmission, or serve as a custodian of funds. Funds held in your Cash Account are not FDIC insured unless expressly disclosed. Full terms available in the Augment Cash Account Agreement. Brokerage services are offered through Augment Capital, LLC, an affiliated broker-dealer and member FINRA/SIPC. "Investment accounts" are not brokerage accounts and do not hold customer funds or securities. Investment advisory services are offered through Augment Advisors, LLC, an SEC-registered investment adviser. Registration with the SEC does not imply a certain level of skill or training. Neither Augment Advisors, LLC nor Augment Capital, LLC provide legal or tax advice; consult your attorney or tax professional regarding your specific situation. For additional information, please refer to Augment Advisors, LLC's Form ADV Part 2A (Firm Brochure) and FINRA BrokerCheck.
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