Mercury, the San Francisco-based banking platform built primarily to serve startups and technology companies, launched personal banking accounts in April 2024, taking the company into the retail consumer segment for the first time.
Mercury announced the launch on 17 April 2024, initially opening a waitlist for the accounts, which carried a $240 annual fee.
BUSINESS CUSTOMER BASE
Mercury had accumulated more than 200,000 business customers by the time of the personal accounts launch.