Mercury Lands $200 Million Series D

Mercury raised $200 million in a Series D round led by TCV.

The financing values the banking fintech at $5.2 billion.

Existing investors including Andreessen Horowitz, Coatue, CRV, Sapphire Ventures, Sequoia Capital, and Spark Capital also participated.

The round brings Mercury's total funding to about $700 million and underscores strong investor confidence.