# Mercury said on Wednesday it had raised $200 million at a $5.2 billion valuation.

*fintech · news · 2026-05-20 · The Star*

## Key points

- Mercury raised $200 million at a $5.2 billion valuation in its latest funding round.
- Mercury received conditional approval in April to establish Mercury Bank, a fully chartered national lender.
- Mercury has achieved four consecutive years of GAAP profitability and reached $650 million in annualized revenue.
- Mercury now serves over 300,000 customers, including one in three U.S. startups.

**Companies:** Mercury, Supabase, ElevenLabs, Lovable
**Countries:** United States

[Read the full story on The Star](https://www.thestar.com.my/tech/tech-news/2026/05/21/mercury-hits-52-billion-valuation-as-fintech-firm-banks-on-ai-startups)

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