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Mercury has established itself as the banking platform of choice for startups with $20b in deposits and a growing suite of financial workflow products That advocacy can then lead them to choose the neobank as their primary bank Sacra estimates that mercury hit $500m in annualized revenue in 2024, up 97% yoy, with revenue primarily coming from interest sharing with partner banks
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The global neobanking market size was valued at $98.40 billion in 2023 & is projected to grow from $143.29 billion in 2024 to $3,406.47 billion by 2032 Learn more about the state of neobank profitability and what it takes to succeed when launching a new neobank.
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