Mercury has raised $200 million in a Series D round led by TCV, with participation from Andreessen Horowitz, Coatue, CRV, Sequoia Capital, Sapphire Ventures, and Spark Capital. The company is now valued at $5.2 billion, up 49% in 14 months. This raise follows conditional approval from the OCC to establish Mercury Bank, N.A. as a fully chartered national bank. The charter will enable access to Zelle, expanded lending, and reduced reliance on partner banks Column and Choice Financial. Strategically, the charter and funding position Mercury to strengthen its BANKTECH infrastructure for founders and businesses, extending beyond its original banking-as-a-service platform.

Fintech Firm Mercury Hits $5.2 Billion Valuation After Funding Round, Up 49% In 14 Months