Mercury news and trends

Synapse Saga Emphasizes Tangled Web Between FinTechs, Middlemen and Sponsor Banks
Acquisitions // May 10, 2024

In biology, a synapse is essentially a conduit, a place in the brain where neurons connect and communicate. In financial services, the recent news that TabaPay would be ending its planned acquisition of the FinTech Synapse Financial Technologies brings to mind a different type of...

Mercury Expands Into Consumer Banking With Mercury Personal
Banking // April 17, 2024

Startup-focused banking FinTech Mercury is getting into the consumer banking business. The company has launched Mercury Personal, designed to help builders in the tech sector optimize their money, according to a Wednesday (April 17) news release. “Many founders and investors are not happy with their bank accounts today...

Mercury Launches Corporate Cashback Mastercard for Startups
Credit Cards // September 12, 2022

FinTech Mercury is launching a corporate Mastercard to help startups scale their business, with the card offering 1.5% cashback without any annual fees or personal credit checks.    The new IO card offers a 30-day interest-free repayment period, according to a Monday (Sept. 12) press release,...

As Traditional Funding Sees Headwinds, Venture Debt Investments Set to Rise 
Investments // March 16, 2022

In the age of tightening purse strings, as interest rates soar and investors demand ever-higher returns on capital to compensate for risk, in the months and years ahead we may see a rising tide of venture debt. Capital, of course, is the lifeblood of any...

Quick Reads
Mercury Expands Into Consumer Banking With Mercury Personal

April 17, 2024
Startup-focused banking FinTech Mercury is getting into the consumer banking business. The company has launched Mercury Personal, designed to help builders in the tech sector optimize their money, according to a Wednesday (April 17) news release. “Many founders and investors are not happy with their bank accounts today and often need to switch between several platforms to access […]

Mercury Launches Corporate Cashback Mastercard for Startups

September 12, 2022
FinTech Mercury is launching a corporate Mastercard to help startups scale their business, with the card offering 1.5% cashback without any annual fees or personal credit checks.    The new IO...

FinTech Mercury Nets $120M Including Crowdsourcing

August 01, 2021
Mercury, which helps install banking for startups, has raised $120 million in a funding round, according to a company blog post, and has set aside $5 million to let users...

Mercury Notches $20M To Fund Startups

September 26, 2019
California-based digital bank Mercury has announced it has raised $20 million in Series A funding that will be used to build a bank for startups. “While we knew building the...