# Mercury

> Mercury is an American business neobank providing startup banking, cards and treasury through partner banks.

Source: https://www.neobank.wiki/wiki/mercury
Last updated: 2026-08-11
Categories: Financial technology, United States neobanks, Partner-bank neobanks, Business neobanks, Companies founded in 2017

**Mercury** is an American business-focused [neobank](/wiki/neobank) founded in 2017. It provides checking accounts, debit and credit cards, and treasury products aimed at startups and technology companies, with deposits held at partner banks.[^merc1]

## History

Mercury launched to serve venture-backed startups that struggled with traditional bank onboarding. It grew by integrating with accounting tools and offering faster account opening for incorporated US companies.

## Founders

[Mercury](/wiki/mercury) was founded in 2017 by **Immad Akhund**, **Max Tagher** and **Jason Zhang**, who had previously worked together at Y Combinator-backed mobile-ad company Heyzap (acquired by Fyber).

**Immad Akhund** is co-founder and chief executive officer. Born in Pakistan and raised partly in the UK, Akhund is a serial entrepreneur who experienced slow startup banking firsthand while running earlier companies. After years of waiting for someone else to fix founder banking, he launched Mercury to give venture-backed startups fast onboarding, multi-user permissions, wires and treasury—initially via partner banks under a [BaaS](/wiki/banking-as-a-service) model.

**Max Tagher** (engineering; formerly Heyzap's lead engineer) and **Jason Zhang** (business development) co-founded Mercury with Akhund, helping build the product and go-to-market motion that made Mercury a default banking brand for U.S. technology companies.

## Startup banking model

Mercury serves startups and technology companies with fast KYC, multi-user permissions, wires/ACH, cards and treasury—delivered through partner banks under [BaaS](/wiki/banking-as-a-service) arrangements. It became a default operating account for many venture-backed companies that struggled with traditional bank onboarding.

## Reception

Mercury is widely praised in founder communities for UX and support, and has raised large late-stage rounds. Like other BaaS-dependent brands, it faces industry-wide scrutiny of partner-bank risk and evolving U.S. regulatory expectations for fintech–bank partnerships.

## Products

Core products include business checking, multi-user permissions, expense cards, wires and ACH, and cash-management / treasury options. Banking services are provided by partner banks under [BaaS](/wiki/banking-as-a-service) arrangements.

## Infobox

- **Type**: Private
- **Founded**: 2017
- **Founders**: Immad Akhund, Max Tagher, Jason Zhang
- **Headquarters**: San Francisco, U.S.
- **Focus**: Startups / SMB
- **Model**: Partner-bank neobank

## Frequently asked questions

### What is Mercury?

Mercury is an American business neobank providing startup banking, cards and treasury through partner banks.

### When was Mercury founded?

Mercury was founded in 2017.

### Where is Mercury headquartered?

Mercury is headquartered in San Francisco, U.S..

### Who founded Mercury?

Mercury was founded by Immad Akhund, Max Tagher, Jason Zhang.

### What type of company is Mercury?

Mercury is described as Partner-bank neobank in its neobank.wiki profile.


## References

[^merc1]: Mercury is a fintech company; deposits are held at partner banks. — https://mercury.com/about