🇺🇸Mercury
Mercury provides banking infrastructure and financial services for startups and founders.
$200MSeries D
T
A $200M Series D for fintech infrastructure signals that embedded banking—not just payments—is now table stakes for B2B SaaS. Mercury's likely using this to build out compliance/regulatory moats and expand internationally, which means the window to own a vertical's financial layer is closing fast. If you're building any B2B platform with cash flow, you should be asking whether Mercury becomes your customer or your competitor within 18 months.