Mercantile Overview

  • Year Founded
  • 2021

Year Founded

  • Status
  • Private

  • Employees
  • 50

Employees

  • Latest Deal Type
  • Series A

  • Latest Deal Amount
  • $21.7M

  • Investors
  • 12

Mercantile General Information

Description

Provider of credit card services intended for small and medium businesses to monetize their client's 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 small-scale businesses to compete in a market environment that is mainly dominated by big companies.

Contact Information

Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Other Financial Services
Corporate Office
  • 69 Madison Avenue
  • Suite 2035
  • New York, NY 10016
  • United States
+1 (438) 000-0000

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Mercantile Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
1. Early Stage VC (Series A) 29-Jun-2022 $21.7M 000.00 000.00 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-4 000,000 00.000000 00.00 00.00 00 00.00 0.000
Series A-3 000,000 00.000000 00.00 00.00 00 00.00 0.000
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 Executive Team (3)

Name Title Board Seat Contact Info
Samuel Poirier Co-Founder & Chief Executive Officer
François-Xavier Lemire Co-Founder & Chief Technology Officer
Luke Finney Co-Founder
To view Mercantile’s complete executive team members history, request access »

Mercantile Board Members (1)

Name Representing Role Since
Mark Fiorentino Index Ventures Board Member 000 0000
To view Mercantile’s complete board members history, request access »

Mercantile Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Mercantile Investors (12)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
8VC Venture Capital Minority 000 0000 000000 0
BoxGroup Venture Capital Minority 000 0000 000000 0
Commerce Ventures Venture Capital Minority 000 0000 000000 0
First Round Capital Venture Capital Minority 000 0000 000000 0
General Catalyst Venture Capital Minority 000 0000 000000 0
You’re viewing 5 of 12 investors. Get the full list »

Mercantile FAQs

  • When was Mercantile founded?

    Mercantile was founded in 2021.

  • Who is the founder of Mercantile?

    Samuel Poirier, François-Xavier Lemire, and Luke Finney are the founders of Mercantile.

  • Who is the CEO of Mercantile?

    Samuel Poirier is the CEO of Mercantile.

  • Where is Mercantile headquartered?

    Mercantile is headquartered in New York, NY.

  • What is the size of Mercantile?

    Mercantile has 50 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 the current valuation of Mercantile?

    The current valuation of Mercantile is 000.00.

  • What is Mercantile’s current revenue?

    The current revenue for Mercantile is 000000.

  • 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.

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