Mercury acquires Teal to enhance financial software integration

Mercury has announced its acquisition of Teal, a seed-stage startup specializing in accounting products. Led by Ian Crosby and Adam Saint, founders of Bench Accounting, the Teal team brings significant talent and expertise in building for accountants, a crucial partner in Mercury’s ecosystem. This acquisition aims to address the fragmented financial tools landscape where founders, finance teams, and accountants often use disconnected software systems.

In May, Mercury introduced new software features such as Bill Pay, accounting automations, and Invoicing to streamline financial workflows directly from the Mercury account. The addition of Teal’s expertise will further simplify these workflows, enhancing productivity for accountants by providing better data quality and seamless integrations with leading accounting software.

Mercury’s acquisition of Teal underscores its commitment to transforming banking into a tool that helps companies operate efficiently. The integration will offer accountants improved connectivity and accuracy, reinforcing Mercury’s position as a trusted financial technology provider for over 200,000 companies. Stay tuned for more updates as Mercury continues to innovate in the financial technology space.

Source: Mercury