Mercantile Overview
- Year Founded
-
2021
- Status
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Private
- Employees
-
44
- 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 clients to compete in a market environment that is mainly dominated by big companies.
Contact Information
Website
www.getmercantile.comCorporate Office
- 69 Madison Avenue
- Suite 2035
- New York, NY 10016
- United States
Corporate Office
- 69 Madison Avenue
- Suite 2035
- New York, NY 10016
- United States
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 | Completed | Generating Revenue |
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% |
Mercantile Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Mercantile 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 |
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 the current valuation of Mercantile?
The current valuation of Mercantile is .
-
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.
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