“Fintech firm Mercury hits $5.2 billion valuation after funding round, up 49% in 14 months”
July 10, 2026
“Mercury raised $200 million at a $5.2 billion valuation, a 49% jump over its last round, led by TCV and including Sequoia, Andreessen Horowitz and Coatue, CNBC has learned exclusively.
The fundraising comes weeks after Mercury received conditional approval from the Office of the Comptroller of the Currency to become a federally regulated bank, which would allow it to offer lending, join Zelle and reduce reliance on partner banks.
Mercury has bucked the broader fintech downturn, reaching $650 million in annualized revenue and four years of profitability, fueled in part by an AI-driven surge in new-business formation, Mercury CEO Immad Akhund told CNBC…”
https://www.cnbc.com/2026/05/20/fintech-mercury-valuation-fundraise-bank-charter.html