Mercury hits $1B annualized revenue and launches payroll service

Fintech platform Mercury reached $1B in annualized revenue, up about 50% year over year. It has more than 450K customers and is launching a payroll service, CEO Immad Akhund said.

• Mercury's annualized revenue reached $1B
• Revenue grew about 50% year over year
• Customer base exceeds 450K
• The company is launching a payroll service