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A big milestone for @mercury today as we announced our Series C led by @sequoia. Excited to have the support of @sonyatweetybird and some of the best VCs as we bring our vision of banking* that does more to life.
Today, we’re announcing a $300 million Series C in a mix of primary and secondary funding at a $3.5 billion valuation.
We’re excited to bring on @Sequoia as our lead investor in the round, with participation from @sparkcapital, @MarathonMP, @coatuemgmt, @CRV, & @a16z.
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First $1B: software that made finances simple.
Next $1B: agents that do the financial work for you (with the right controls, of course).
And the next billion is going to come a lot faster.
What you expect from banking* is about to change.
Excited to announce @Mercury crossing $1bn/yr in revenue and 450k customers.
Just getting started!
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Banking + books = a match made in heaven
1/ Today, we're launching @Mercury Books.
AI-powered accounting software, for your bookkeeper or you, that categorizes and reconciles your transactions the moment they happen.
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All the grind discourse - never smile, in the office at 11pm on Friday - misses the point. Your customers don't care how hard you grind. They care if your product is great and your marketing is entertaining. And that is easier to do when you're having fun. Proud of this one.
You're building for 2036. But there's one centuries-old financial relic that, sometimes, is the only thing that will do. Introducing physical checkbooks from Mercury. Really.
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Rachel Moncton retweeted
Introducing Command from @mercury
Command is a new agentic operating system for banking - frontier AI paired w/ mercury’s UX, tools, and knowledge to turn ideas into action
It's available today to everyone on Mercury, business and personal (and iOS)
Why'd we build Command? 🧵
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Agentic banking only works if there's trust. We built trust into Command (approvals, source data); but we've also spent years earning the trust to launch this. Trust comes from how we communicate, what we ship, how we handle hard times. Trust is the foundation of our brand.
Mercury Command is live.
AI built directly into your Mercury account that completes financial work. Natural language, real actions, and you approve everything.
This is how banking* works now.
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Rachel Moncton retweeted
Mercury is the single “product” that has improved my life the most. I have always hated banks, invoicing platforms, and corporate cards. They make all of these things so incredibly easy. I haven’t had to open QuickBooks in over a year now.
They do not pay me. I am genuinely just this hyped on them. The only catch is that you’ll hate every bank you use after trying Mercury.
If you need a “bank” for your business, I can’t recommend Mercury highly enough.
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This launch came together in a matter of days. Gone are the 6 - 8 week launch timelines. AI is collapsing product timelines and marketers have to adapt: sit w the engineers, pick 2 priority channels, iterate as you go.
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1/ Most fintech marketing looks the same: product shot, feature list, and some variation of "your new financial operating system." We wanted none of that.
Here's some of the why behind the campaign:
Better together 🤝 Mercury Personal is now included with Mercury Business.
*Mercury is a fintech company, not an FDIC-insured bank. Banking services provided through Choice Financial Group and Column N.A., Members FDIC.
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3/ Work and personal aren't separate modes for our customers.
So the campaign doesn't lead with features or the promo. It treats our customers as people with full lives, real ambitions, and taste. They aren't just founders who appreciate free wires and savings yield.
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