Mercury raised $200 million in a Series D fundraising round.
The fintech said in a LinkedIn post that TCV led the round with participation from Sequoia Capital, Andreessen Horowitz, Coatue Management, CRV, Sapphire Ventures and Spark Capital.
“We raised because the opportunity ahead of us is large and we intend to meet it,” CEO Immad Akhund said in the post. “We’ve been profitable for four years, hit $650 million in annualized revenue in Q3 last year, are growing faster than ever, and expanding what the Mercury account can do.”