- Following Silicon Valley Bank’s collapse in March, startup Mercury saw an increase of 26K customers within four months.
- Mercury responded to the surged demand by increasing its FDIC insurance and releasing a product called Vault for US government treasury bill investments.
- Mercury’s annualized revenue run rate grew fourfold YoY from May 2022 to May 2023, and the startup processed more than $42 billion in transactions in the first half of 2023.
Menu
