Case Study: Mercury streamlines invoicing and collections with Stripe

Mercury streamlines collections with Stripe-powered invoicing solution

Mercury, a fintech founded in 2017, wanted to expand its digital banking platform with online invoicing so startup customers could manage invoicing and payment reconciliation in one place. To do that, Mercury needed a trusted payments partner that could integrate easily and support more payment methods than ACH and wire transfers, including cards and digital wallets. Stripe was selected to power this new service.

Stripe provided Mercury with Stripe Connect for fund transfers and Stripe Payments for card and wallet processing, with Stripe-hosted onboarding and Stripe Elements helping speed implementation. The result was a beta launch in just three weeks, followed by a full rollout in August 2024. Card payments now represent about 80% of Stripe-processed invoice payments, digital wallets 20%, and Mercury says the launch exceeded expectations while making collections faster and more automated.

Mercury

Katka Opocenska

Product Manager