Financial technology company Mercury has completed a $200 million new funding round, led by TCV

BlockBeats News, May 20th, Fintech company Mercury has completed a $200 million new funding round, led by TCV, with participation from marquee institutions such as Sequoia Capital, Andreessen Horowitz (a16z), and Coatue Management.

Mercury currently serves over 300,000 startups with an annual revenue of approximately $650 million. Mercury stated that the recent AI startup boom has significantly driven the demand for new company registrations and account openings, becoming a core engine of its rapid growth. At the same time, Mercury has received conditional approval from the Office of the Comptroller of the Currency (OCC) and plans to apply for a federal banking charter. In the future, it will expand into loan services, integrate with payment networks like Zelle, and reduce reliance on partner banks.