Republic Europe has announced an opportunity to own shares in Mercury, a San Francisco-based neobank, through a secondary offering listed on its platform.
Secondaries, or issued shares in private firms, have become an important revenue generator for securities crowdfunding platforms. Shares of more mature private firms appeal to many investors, but typically require a high ticket price to access. Republic and others acquire private securities and then make them available to a wider audience, usually at a lower price point.
Mercury is a neobank as it relies on an FDIC-insured, chartered bank to provide its digital banking services. But recently, the Office of the Comptroller of the Currency granted Mercury conditional approval to operate as a bank. This is a key strategic milestone for the company.
The Fintech targets startups and founders and currently reports over 300,000 customers. The last funding round raised $200 million in Series D at a $5.2 billion valuation. Mercury reports an estimated $650 million in annualized revenue as of Q3 2025.
Republic is assembling an SPV for investors to buy Mercury shares from an existing investor.
Of course, past performance doesn’t guarantee future outcomes, but Republic is giving UK investors more choices in the private securities sector, where an issuer may be nearing an IPO.
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