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Mercury reaches $650 million in annualized revenue, jumping from $500 million at the end of 2024, the company exclusively told fortune. Mercury technologies, a prominent fintech neobank catering to startups and businesses, has severed its partnership with evolve bank & trust following a series of operational and regulatory challenges at the bank. Neobank mercury says it has hit $650m in annualized revenue, up from $500m by end of 2024, and has been gaap profitable on net income and ebitda for three years x
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@blader @alexanderwill @johnrushx @rahulvohra @immad @nikmilanovic linkedin: Announcing our $300m series c today, we’re announcing a $300 million series c in a mix of primary and. Mercury adheres to all u.s
Generally accepted accounting principles (gaap) when preparing its financial statements
Through internal audits, we regularly review and evaluate our disclosure controls and procedures to confirm their effectiveness. Sacra estimates that mercury hit $500m in annualized revenue in 2024, up 97% yoy, with revenue primarily coming from interest sharing with partner banks For more, check out our full report and dataset on mercury. At mercury, we think banking 1 should do more than just hold your money — it should bring all the ways people and businesses use money into a single product that feels extraordinary to use
We’re working to build that future, and have new milestones to share on the path toward it
