Mercury

Mercury is a software-first business banking platform for startups and small companies, combining checking, savings, cards, payments, invoicing, treasury and AI-assisted accounting in one dashboard, delivered through partner banks.

Mercury is a fintech platform that bundles business banking, corporate cards, payments, invoicing and accounting into one software-driven account. It is aimed at startups, small businesses and scaling companies that want to manage money from a single dashboard instead of stitching together a bank, an expense tool and a bookkeeping package. Applications are done online, with no branch visits or paperwork, and the company says the process takes about ten minutes. Banking services are delivered through partner banks, Choice Financial Group and Column N.A., so Mercury itself is not an FDIC-insured bank. In practice, the account covers free checking and savings with no minimum balances, virtual and physical cards that can be created in a few clicks, and no-fee USD payments by wire, ACH, check and real-time payment. The AI features sit mostly in the back-office work: bills are read and their details filled in automatically, past recipients are remembered, receipts emailed or uploaded are matched to card transactions, and transactions are categorized with automation. Team controls include card limits, approval flows and granular user permissions, which suits companies that hand payment duties to an accountant or operations lead. Mercury also reaches into areas banks usually leave to other vendors. Mercury Books is its AI-assisted accounting product, and the platform syncs with QuickBooks, Xero and NetSuite for teams that already use them. Treasury by Mercury Advisory offers a yield on idle cash through portfolios managed by large asset managers, with an annual fee that scales with balances. A credit card pays 1.5% cashback straight into the account, and a personal banking product exists for individuals. Among alternatives, Mercury competes with other startup-focused neobanks and with traditional business accounts from large banks. Its pitch is a modern interface, a broader set of finance tools under one login, and higher deposit insurance coverage through sweep networks. Buyers who need cash deposits, in-person service or a chartered bank relationship should weigh those points before switching. A public demo dashboard lets prospects explore the product before opening an account.