BlockBeats News, May 20th, Fintech company Mercury has completed a $200 million new funding round, led by TCV, with participation from marquee investors such as Sequoia Capital, Andreessen Horowitz (a16z), and Coatue Management.

Mercury currently serves over 300,000 startups with annual revenue of approximately $650 million. The recent AI startup boom has significantly driven new company registrations and account opening demands, becoming a core engine of its rapid growth. At the same time, Mercury has received conditional approval from the Office of the Comptroller of the Currency (OCC) and plans to apply for a federal banking charter, aiming to expand into lending, integrate with payment networks like Zelle, and reduce reliance on partner banks.