MERCURY CROSSES $1 BILLION ANNUALIZED REVENUE (53 MINUTE PODCAST)

Summary from the TLDR Fintech newsletter

Mercury went from $500M in 2024 rev to a $650M run-rate in September 2025, and is now growing ~50% year over year. Customer growth keeps accelerating: +40% in 2024, +50% in 2025, then 300K to 450K+ in under 10 months. Although some of this is helped by the average customer size getting smaller/going more mass market.