Commercial Counsel, Mercury

$151.7-198.2k

Salary dependant on location. The total rewards package at Mercury includes base salary, equity (stock options), and benefits.

Junior and Mid level

Remote in US

New York

San Francisco Bay Area

Banking services for startups

Job no longer available

Banking services for startups

501-1000 employees

FintechB2BBankingFinancial Services

Job no longer available

$151.7-198.2k

Salary dependant on location. The total rewards package at Mercury includes base salary, equity (stock options), and benefits.

Junior and Mid level

Remote in US

New York

San Francisco Bay Area

501-1000 employees

FintechB2BBankingFinancial Services

Company mission

To make scaling tech companies simpler with a personalized banking stack for startups, and power the next generation of companies that will shape the American industry.

Job

Company

Role

Who you are

~2-3 years of legal experience, including either law firm or in-house experience
JD and bar admission
The ability to communicate clearly
A sense of humor and appreciation of craftsmanship
Empathy
Some experience in the world of fintech or banking, or a strong willingness and passion to learn about those areas

What the job involves

The Commercial team is responsible for supporting business partners across the organization to make sure that they have the resources and guidance that they need to succeed
You will work closely with the procurement team in negotiating contracts to support all aspects of the business
You will support our partnerships team as they negotiate and navigate partnerships key to our business
Finally, as a fast growing start-up ourselves a broad range of legal issues arise from day to day and our team jumps in when needed and where they have relevant knowledge, experience or a desire to learn and solve problems
Experience in fintech is welcomed, as is a passion for mastering something new
As part of the journey, we would expect you to:
Work closely with cross-functional partners across the company
Deeply understand our product and our customers, and how our commercial legal work serves both
Help structure, negotiate, and manage a broad variety of commercial contracts
Help negotiate and manage business critical partnerships
Navigate state and federal regulatory frameworks
Think proactively about compliance
Exercise judgment in evaluating legal risks associated with contracts and other activities
Help take care of all the day-to-day legal requests that come to the team

Our take

Frustrated by the archaic, fee-laden banking services offered to entrepreneurs, the founders of Mercury set out to create a better solution. They envisioned a platform that was dynamic, tech-driven, and free from unnecessary fees.

Mercury delivers on this vision by automating business payment processes, offering FDIC-insured accounts, and providing full API access, empowering entrepreneurs with greater control and efficiency. This approach stands in stark contrast to traditional startup banking, which often burdens young businesses with high fees and limited functionality.

By prioritizing user experience and offering a free service tier, Mercury has attracted over 100,000 businesses and achieved a $1B valuation in 2021. As a rising unicorn in the stagnant world of startup banking, mercury is poised for continued growth, constantly adding new features and expanding its team to further disrupt the industry.

Kirsty

Company Specialist at Welcome to the Jungle

Insights

Top investors

Few candidates hear
back within 2 weeks

50% employee growth in 12 months

Glassdoor (4.5)

Trustpilot (3.5)

Company

Funding (last 2 of 4 rounds)

Jul 2021

$120m

SERIES B

Sep 2019

$20m

SERIES A

Total funding: $150.9m

Company benefits

Health, dental, & vision
12+ weeks of paid parental leave
$600 USD custom WFH equipment setup
Unlimited vacation policy (with a mandatory minimum)
Retirement matching up to 4% of base salary (401k/RRSP)
Paid 6-week sabbatical after the 5-year mark
Annual $1K USD learning & development budget
Unlimited book budget
Weekly $100 USD food budget
Monthly $100 USD wellness budget
Monthly $50 USD cellphone reimbursement
Pet-friendly offices with free tea & lunch

Company values

Think actively: Question processes. Give thoughtful feedback. Find the best way to do something instead of going by how it’s always been done
Be super helpful: Practice intentionality and accountability. Go above and beyond to solve problems, and do it as a team
Act with humility: Treat everyone with respect. Leave egos at the door
Appreciate quality: Work with the best equipment. Avoid cutting corners. Take pride in crafting a lasting product
Maximize efficiency: Minimize unnecessary meetings and bureaucracy. Work together to get the job done right
Focus on product: Ask yourself how the product can be better today than it was yesterday

Company HQ

SoMa, San Francisco, CA

Articles

Startup banking service Mercury jumps into debt lending to take on Silicon Valley Bank

Mercury hits unicorn status

Mercury Banking for Startups: 2022 Review

Leadership

Jason Zhang

(COO)

Studied Biology at Stanford before spending over 4 years at Heyzap in Business Development.

Immad Akhund

(CEO)

Graduated from the University of Cambridge, then worked as a Software Developer at Aquila and Bloomberg. Also founded Clickpass and Heyzap, and was a Part-time Partner at Y Combinator.

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