Excited to announce @Mercury crossing $1bn/yr in revenue and 450k customers.
Just getting started! https://x.com/i/article/2112209203666530304
Mercury crosses $1B in annualized revenue, 450K+ customers
I’m proud to share that @Mercury has crossed $1B in annualized revenue! We’ve been profitable for 4+ years, and more than 450,000 customers now run on Mercury, including 1 in 3 U.S. startups.*
These numbers signal what builders want right now. It has never been easier to start a company. AI is opening the door for people who have never started anything to start something, and I think we’ll see more companies formed in the next five years than in the last 20.
These founders work differently. Every tool they use has been reinvented by AI, and they run their companies alongside agents that do the grunt work. Then they get to banking, and it still works the old way. Slow and not built for the new founder or the agentic era.
We’re building banking** for the agentic era.
What does that even mean? There are 3 things you need AI to be able to do so it’s useful:
Agents: First of course you need agents, but this isn’t a given. Recently some of the biggest banks in the world have said they are blocking access to AI agents. With Mercury you can use Mercury Command, our agent right in the product, or connect your account via our MCP or CLI. We also let you take actions on your accounts right from your agent (ChatGPT/Claude/etc via the MCP) so you can move money (with your approval).
Controls layer: We built a robust controls layer because we want customers to be able to use agents to get real work done, but not at the expense of control. Customers decide what an external agent can do with their Mercury account. That means access is scoped to what the customer allows, requests can’t bypass existing permission already set in Mercury, and customers can revoke access at any time.
Financial capabilities: An agent is only as useful as the systems it can reach. If your payroll, bookkeeping, cards, and bill pay are scattered across legacy tools never built for AI, agents can’t help do useful work. Our vision for Mercury is one place that connects everything you need to manage money, with AI tools that do grunt work for you, surface insights before you have to ask and help you get real work done. No incumbent bank was built that way.
And tomorrow, we’re adding more with Mercury Payroll. Payroll is one of the biggest company expenses, and it should live in the same place as the rest of your banking with AI built in to help you work more efficiently.
AI-native founders want to manage all of their finances with AI. We’re building banking where agents do the work and humans stay in control.
I sat down with @EricNewcomer to talk about how we’re helping founders do this and what these milestones mean for Mercury - Here is the podcast and also linked in comments if you’d like to listen!
*Calculation based on US-based companies that received an angel, pre-seed, seed, or Series A investment reported on Crunchbase in the most recent year.
**While we’ve received conditional approval to become a bank, Mercury today is a financial technology company, not a bank. Banking services provided through Choice Financial Group and Column N.A., Members FDIC.