---
title: "Fintech startup Mercury, which is under regulatory scrutiny, expands into consumer banking"
url: https://daily.dev/posts/fintech-startup-mercury-which-is-under-regulatory-scrutiny-expands-into-consumer-banking-mfhepizue
source_url: https://techcrunch.com/2024/04/17/fintech-banking-startup-mercury-is-expanding-into-consumer-banking/
type: article
source: "TechCrunch"
published: 2024-04-17T13:04:12.683Z
updated: 2026-03-15T04:01:28.163Z
tags: ["banking", "fintech", "regulation", "startup"]
reading_time: 4
upvotes: 0
comments: 0
language: en
---

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# Fintech startup Mercury, which is under regulatory scrutiny, expands into consumer banking

**[TechCrunch](https://daily.dev/sources/tc)** · 4 min read · 0 upvotes · 0 comments

## Summary

Mercury, a business banking startup, is expanding into consumer banking, offering features like wire transfers and multiple user support. The company has faced regulatory scrutiny regarding its foreign account openings and compliance system, but is investing in risk and compliance teams. While consumer banking presents different challenges, there are possible synergies between business and consumer banking services in the fintech space.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://techcrunch.com/2024/04/17/fintech-banking-startup-mercury-is-expanding-into-consumer-banking/>

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Tags: [#banking](https://daily.dev/tags/banking), [#fintech](https://daily.dev/tags/fintech), [#regulation](https://daily.dev/tags/regulation), [#startup](https://daily.dev/tags/startup)

[View this post on daily.dev](https://daily.dev/posts/fintech-startup-mercury-which-is-under-regulatory-scrutiny-expands-into-consumer-banking-mfhepizue)