Investing Platform

Contact us

Call 1800 975 533

or send us a message

The Late Stage 50 · 2026 edition · #28 of 50

Mercury

Mercury is a fintech company offering business banking through partner banks (Choice Financial Group and Column N.A.), aimed at startups and entrepreneurs.

US$650mRun-rate · Q3 2025
—growth not disclosed
#28rank by disclosed revenue

The figure

Revenue
$650M annualized revenue, as of Q3 2025
Run-rate · Q3 20251Mercury · 20 May 2026
In US dollars
US$650m
as stated
Standing
stated
Company stated
Published
20 May 2026
accessed 17 Oct 2026
Evidence
“$650M Annualized revenue, as of Q3 2025” — as read on the source page1Mercury · 20 May 2026
Prior year
$500M in annual revenue in 2024
Mar 2025 · reported2Mercury · 25 Mar 2025
Growth
—
Not computed: comparable bases differ (annualized Q3 2025 vs 2024 annual). Company-stated: customers +50% YoY by end-2025.

Context

Founded
2017
Sector
Fintech
Business banking fintech
Valuation
US$5.2bn
Series D primary ($200m, TCV led) · May 2026 · as reported, not part of the ranking1Mercury
Status
Private as of 17 October 2026
Newsroom/press listing opened 2026-10-17; no IPO or acquisition of the company seen (listing pages only, not a full archive search).4status check · 17 Oct 2026

Market context

Forge Price
$17.37 per share
Forge Private Market Index constituent · weight 1.96%5Forge Global · 17 Oct 2026
Forge valuation
$5.1B
implied from the Forge Price5Forge Global · 17 Oct 2026
Last round · Forge
Series D (05/20/2026): $17.72 per share, $5.2B post-money valuation, $200M raised
Clarity Price
$14.78 per share
Clarity Liquidity Index (C50) member, rank 48 of 506Clarity (formerly Hiive) · 17 Oct 2026
Last round · Clarity
Series D (May 2026): $5.2B post-money, $17.72 per share, $200M raised

Secondary-market indications are published by Forge Global and Clarity (formerly Hiive) on the dates shown; ratings and margins marked “estimate” are a third party's estimates as reported by the named outlet. None is an offer, and none is part of the ranking.

Investing Platform

Late-stage access for wholesale investors.

Investing Platform presents late-stage private companies to wholesale investors. This profile is a factual reference and not an offer.

See late stage on Investing Platform

References

Every figure on this page, by source.

  1. 1Mercury · 20 May 2026mercury.com/blog/series-d-announcement
  2. 2Mercury · 25 Mar 2025mercury.com/blog/series-c-announcement
  3. 3mercury.commercury.com/about
  4. 4status check · 17 Oct 2026mercury.com/blog
  5. 5Forge Global · 17 Oct 2026forgeglobal.com/mercury_stock/
  6. 6Clarity (formerly Hiive) · 17 Oct 2026www.clarity.com/browse-companies/mercury-stock

Every link was opened on 17 October 2026 and the figure read on the page. Secondary-market indications, where shown, are provided by Forge Global and Clarity (formerly Hiive), are not offers, and play no part in the ranking.