Mercantile Overview

  • Year Founded
  • 2021

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 44

Employees

  • Latest Deal Type
  • M&A

Mercantile General Information

Description

Operator of a credit card services company intended for small and medium businesses to monetize their clients' payables. The company specializes in offering credit cards and other financial services and gives a new high-margin revenue source for organizations through program dividends, enabling firms to compete in a market environment that is mainly dominated by big companies.

Contact Information

Website
www.getmercantile.com
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly VC-backed
Corporate Office
  • 69 Madison Avenue
  • Suite 2035
  • New York, NY 10016
  • United States
+1 (438)
Primary Industry
Other Financial Services
Other Industries
Financial Software
Specialized Finance
Parent Company
Onboard Partners
Vertical(s)
FinTech, Mobile
Corporate Office
  • 69 Madison Avenue
  • Suite 2035
  • New York, NY 10016
  • United States
+1 (438)

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Mercantile Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
2. Merger/Acquisition Completed Generating Revenue
1. Early Stage VC (Series A) 29-Jun-2022 Completed Generating Revenue
To view Mercantile’s complete valuation and funding history, request access »

Mercantile Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series A-4
Series A-3
Series A-2 1,176,825 $0.000100 $1.56 $1.56 1x $1.56 16.01%
Series A-1 1,510,946 $0.000100 $10.44 $10.44 1x $10.44 19.48%
To view Mercantile’s complete cap table history, request access »

Mercantile Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Mercantile Former Investors (12)

Investor Name Investor Type Holding Investor Since Participating Rounds
8VC Venture Capital Minority
BoxGroup Venture Capital Minority
Commerce Ventures Venture Capital Minority
First Round Capital Venture Capital Minority
General Catalyst Venture Capital Minority
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Mercantile FAQs

  • When was Mercantile founded?

    Mercantile was founded in 2021.

  • Where is Mercantile headquartered?

    Mercantile is headquartered in New York, NY.

  • What is the size of Mercantile?

    Mercantile has 44 total employees.

  • What industry is Mercantile in?

    Mercantile’s primary industry is Other Financial Services.

  • Is Mercantile a private or public company?

    Mercantile is a Private company.

  • What is Mercantile’s current revenue?

    The current revenue for Mercantile is .

  • How much funding has Mercantile raised over time?

    Mercantile has raised $21.7M.

  • Who are Mercantile’s investors?

    8VC, BoxGroup, Commerce Ventures, First Round Capital, and General Catalyst are 5 of 12 investors who have invested in Mercantile.

  • Who acquired Mercantile?

    Mercantile was acquired by Onboard Partners.

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