Mercury, a fintech company providing banking and financial workflow solutions to startups, has raised $300 million in Series C led by Sequoia Capital, doubling its valuation to $3.5 billion. With ten consecutive quarters of profitability, $500 million in annual revenue, and 40% year-over-year customer growth, Mercury aims to expand its offerings, explore acquisitions, and enhance financial flexibility. The company also strengthened its leadership with four new board members, including former Silicon Valley Bridge Bank CEO Tim Mayopoulos.
Mercury Announces $300 Million Series C Round at $3.5 Billion Valuation
