About Mercury
Mercury is a financial services company that provides fintech banking and financial workflow tools for businesses. A central account helps teams manage company finances, organize spending, and make financial decisions with more control over how dollars are allocated across operations.
The company serves ambitious businesses, with a particular focus on startups. Its platform is used by more than 300,000 startups to run financial operations. Banking services are provided through Choice Financial Group and Column N.A., Members FDIC.
Founded in 2017 and headquartered in San Francisco, California, Mercury employs between 1,001 and 5,000 people. Its website is mercury.com.
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Insights
Updated 22 Aug 2026Mercury sits inside a high-profile pro sports asset tied to United Wholesale Mortgage CEO Mat Ishbia, who bought the Phoenix Suns and Mercury for $4 billion and is in the process of buying 99% of the team. That structure puts Mercury in a broader, well-capitalized competitive setting alongside the Suns. There is no indication in the supplied sources that the franchise is under financial pressure.
The sources point to a sports and media environment where Mercury’s brand operates in a crowded, attention-driven market. The team is explicitly linked to one of the NBA and WNBA’s more visible ownership situations. Still, the material gives no Mercury-specific strategy, hiring, earnings, or business expansion details beyond the ownership transaction.
Investor and consumer signals in the provided material are limited. One source says Ishbia is in “zero” danger of having to sell the Suns, and another repeats the $4 billion purchase and near-complete ownership stake. No funding rounds, hiring updates, earnings results, or consumer-sentiment indicators about Mercury are included in the supplied sources.
Frequently asked questions
Mercury is headquartered in San Francisco, California, United States.
Mercury has 1001-5000 employees according to its company profile.
Mercury operates in the Financial Services sector. Public valuation figures are not always disclosed for private companies.