---
title: 'Head of Product - Business Lending at Mercury'
canonical: 'https://feeny.ai/job/head-of-product-business-lending-mercury-san-francisco-ca-new-york-ny-portland-b0akpragrvke'
type: 'job'
last_seen: '2026-09-13'
---

# Head of Product - Business Lending at Mercury

- **Company:** Mercury
- **Location:** San Francisco CA New York NY Portland OR OR Within Canada OR, United States
- **Compensation:** $274k–$362k
- **Work type:** remote
- **Posted:** 2026-07-01
- **Last confirmed live:** 2026-09-13
- **Apply:** https://job-boards.greenhouse.io/mercury/jobs/6106974004

## Job description

In 1910, a Norfolk lawyer named Arthur Morris kept seeing the same thing: a steadily employed worker needed a small loan, the banks turned him away for lack of collateral, and he was left with nowhere reputable to borrow. Morris decided a banking system that shut out most of the people it was meant to serve had a "weak spot" worth fixing, so he built a lender that lent on character and steady income, backed by two references and repaid in small installments. What made it matter wasn't any single loan, but that Morris turned the idea into a repeatable system and scaled it to more than a hundred Morris Plan banks across thirty-seven states.

A century later, the hard part is unchanged: making one good loan is easy; building a business that makes millions of them well is hard. Mercury is building a banking*-grade lending business, where credit extends the trust businesses already place in us to hold and move their money. We need a leader to turn that foundation into a thriving, responsibly-scaled business.

We’re looking for a Head of Product to own Mercury's lending business end-to-end: defining product strategy, leading a team of product managers and lending specialists, driving growth, and ultimately owning business performance and P&L outcomes. You will work closely with credit, sales and finance to grow originations while maintaining healthy approval rates, repayment performance, and loss outcomes.

*Mercury is a fintech company, not an FDIC-insured bank. Banking services provided through Choice Financial Group and Column N.A., Members FDIC.

## Key responsibilities

- Own the business lending P&L and strategy: Set the multi-year strategy - which products to build, which segments to serve, how to grow originations against economic and credit targets. Own the numbers.
- Build and scale the lending org:   Recruit, develop, and lead a high-performing PM team,strong product build discipline, develop future leaders, and establish the operating cadence and culture that allow a lending business to move quickly without sacrificing rigor.
- Take products from 0-1 to scale:  Launch and grow Mercury's lending products - term loans, lines of credit, and what comes next, and build the experimentation loop that compounds growth post-launch.
- Partner with credit, underwriting, and risk on credit policy, underwriting models, and eligibility.
- Manage capital and lending partners: Work with finance, capital markets, and banking/lending partners to keep the business well-capitalized and structured to scale, and own those relationships.
- Balance growth with rigor: Build a lending business that customers love while meeting the credit, risk, and compliance standards a regulated product demands— making the hard tradeoffs between speed, experience, and controls.
- Align the lending ecosystem: Bring together product, engineering, underwriting, risk, credit operations, data, compliance, legal, marketing, sales, support, and external partners to execute a cohesive lending strategy and deliver strong business outcomes.

Some things that might make you successful in a role like this:

- We're looking for a leader who has built and scaled a business lending organization, with great product chops, the commercial instinct to grow it and the credit discipline to grow it responsibly, equally credible on portfolio economics with finance, credit policy with underwriting, and product strategy with engineering.
- 10+ years in lending or credit products, including significant time in SMB, commercial, or business lending, with experience building and running teams.
- 5+ years leading and managing teams of product managers, including hiring, coaching, organizational design, and performance management.
- Deep command of the full lending lifecycle: eligibility, application, underwriting and decisioning, funding, servicing, repayment, and collections — and the credit, risk, and compliance considerations at each stage.
- A track record of owning a lending P&L and its levers: pricing, credit policy, capital structure, loss performance, and unit economics.
- Experience launching and scaling 0-1 lending or credit products, ideally in a fintech or high-growth environment.
- Experience working directly with bank partners, lending partners, or capital markets to structure and fund a lending business.
- Sound judgment in a regulated, risk-sensitive environment: you balance a delightful customer experience with the controls a credit product requires.
- A data-driven, experimentation-oriented approach, and exceptional cross-functional leadership across product, underwriting, finance, compliance, and partners.

Mercury values diversity & belonging and is proud to be an Equal Employment Opportunity employer. All individuals seeking employment at Mercury are considered without regard to race, color, religion, national origin, age, sex, marital status, ancestry, physical or mental disability, veteran status, gender identity, sexual orientation, or any other legally protected characteristic. We are committed to providing reasonable accommodations throughout the recruitment process for applicants with disabilities or special needs. If you need assistance, or an accommodation, please let your recruiter know once you are contacted about a role.

## #LI-MF1

Total Rewards The total rewards package at Mercury includes base salary, equity (stock options/RSUs), and benefits.

Our salary and equity ranges are highly competitive within the SaaS and fintech industry and are updated regularly using the most reliable compensation survey data for our industry. New hire offers are made based on a candidate’s experience, expertise, geographic location, and internal pay equity relative to peers.

Our target new hire base salary ranges for this role are the following:

US employees (any location): $289,700—$362,100 USD

Canadian employees (any location): $273,800—$342,200 CAD

## About Mercury

## Company Overview
- **One-liner**: Mercury provides banking and financial workflow solutions for startups and ambitious companies.
- **Entity Type**: Private (venture-backed)
- **Headquarters**: San Francisco, California, USA (offices also in New York, NY and Portland, OR)
- **Founded**: Not publicly available
- **Founders**: Not publicly available

## Core Business
- **Primary industry/industries**: Fintech, Business Banking, Financial Operations
- **Target customers**: B2B – primarily startups and growing companies
- **Mission or purpose statement**: “Transformative banking for ambitious entrepreneurs” – making banking better and simplifying financial operations so businesses can focus on growth.

## Products & Services
- **Mercury Banking**: A powerful business bank account (checking, savings, debit and credit cards) that serves as the nucleus of financial operations. (Service)
- **Bill Pay & Spend Management**: Tools to pay bills, send invoices, monitor spending, and understand cash flow – all from one platform. (SaaS/Service)
- **Financial Operations Platform**: Integrates payments, invoices, bill pay, cash flow monitoring, and spend management into a single dashboard. (SaaS)

## Market Standing
- **Valuation/Market Cap**: Not publicly available
- **Key Metric**: Over 200,000 startups use Mercury; employees count exceeded 1,000 (950+ as of one source, 919 U.S.-based employees reported by Great Place to Work).
- **Notable Investors/Partners**: Backed by top-tier venture capitalists (specific names not disclosed in available sources). Banking services provided through Choice Financial Group, Column N.A., and Evolve Bank & Trust (Members FDIC).
- **Growth Signals**: 
  - Within days of Silicon Valley Bank’s failure (March 2023), Mercury picked up more than $2 billion in deposits and retained 92% of those customers six months later.
  - Recognized on Fortune’s Best Medium Workplaces 2023 (ranked 16th), Forbes Fintech 50, and Fast Company’s Most Innovative.
  - 96% of employees say Mercury is a great place to work (Great Place to Work certified).

## Competitive Advantages
- **All-in-One Financial Hub**: Combines banking, payments, bill pay, and spend management in one platform, reducing the need for multiple tools.
- **Startup-First Design**: Built specifically for high-growth companies, with features that scale from early stage to established enterprise.
- **High Customer Retention**: Proven stickiness after the SVB crisis demonstrates strong trust and product-market fit.
- **Top-Tier Backing and Recognition**: Endorsed by leading investors and media, reinforcing credibility.

## Strategic Focus
- **Product Expansion**: Continuing to build out financial workflows (bill pay, spend management) to become the single source of truth for business finance.
- **AI Integration**: Hiring for roles like Senior Machine Learning Operations Engineer, AI Engineering, and Model Risk Manager – indicating a push to embed AI/ML into products and internal processes.
- **Remote-First Talent**: Embracing a remote-first culture with physical offices in SF, NY, Portland, and hiring across the US and Canada.

## Why Work Here
- **Culture & Values**: Emphasizes “build relentlessly,” “think actively,” “be super helpful,” and “act with humility.” Employees report a strong sense of purpose and collaboration.
- **Remote & Hybrid Flexibility**: Remote-first with optional in-office hubs. Open roles are listed as “Any office or remote” in the US and Canada.
- **Benefits Package**:
  - Health, dental, vision insurance
  - 12+ weeks paid parental leave
  - $600 custom work-from-home equipment setup
  - Annual $1,000 learning & development budget
  - Paid 6-week sabbatical after 5 years
  - Weekly $100 food budget
  - Monthly $100 wellness budget
  - Monthly $50 cellphone reimbursement
  - Unlimited vacation (with mandatory minimum)
  - 401(k) matching up to 4% of base salary
  - Inclusive fertility and family-forming benefits (Carrot Fertility)
  - Pet-friendly offices with free lunch, snacks, and beverages
- **Growth Opportunities**: 950+ employees (as of one source) and growing; strong commitment to career development and high-impact work.
- **Diversity & Inclusion**: Stated priority to embrace every individual and provide tools for great work.

## Sources
1. [mercury.com/jobs](https://mercury.com/jobs) – Benefits, culture, open roles
2. [mercury.com/about](https://mercury.com/about) – Company overview, values, press mentions, Forbes quote
3. [job-boards.greenhouse.io/mercury](https://job-boards.greenhouse.io/mercury) – Current job listings
4. [linkedin.com/company/mercuryhq/jobs](https://www.linkedin.com/company/mercuryhq/jobs) – LinkedIn jobs page
5. [greatplacetowork.com/certified-company/7025113](https://www.greatplacetowork.com/certified-company/7025113) – Employee satisfaction certification, headcount

## Other roles at Mercury

- [Senior Customer Support Systems Administrator](https://feeny.ai/job/senior-customer-support-systems-administrator-mercury-san-francisco-ca-new-york-5khhdtr2jp1x) — San Francisco CA New York NY Portland OR OR Within Canada OR, United States
- [AML Investigator III](https://feeny.ai/job/aml-investigator-iii-mercury-san-francisco-ca-new-york-ny-portland-or-or-within-mp5j7my27qy8) — San Francisco CA New York NY Portland OR OR Within, United States
- [Senior Technical Program Manager - Credit & Lending](https://feeny.ai/job/senior-technical-program-manager-credit-lending-mercury-san-francisco-ca-new-dphrdn3s6r9t) — San Francisco CA New York NY Portland OR OR Within Canada OR, United States
- [Head of Product - Business Banking](https://feeny.ai/job/head-of-product-business-banking-mercury-san-francisco-ca-new-york-ny-portland-2vv7rm0tck8n) — San Francisco CA New York NY Portland OR OR Within Canada OR, United States
- [Head of Product - Personal Banking](https://feeny.ai/job/head-of-product-personal-banking-mercury-san-francisco-ca-new-york-ny-portland-7wnvk7zsrc9v) — San Francisco CA New York NY Portland OR OR Within Canada OR, United States
- [Senior Machine Learning Operations Engineer](https://feeny.ai/job/senior-machine-learning-operations-engineer-mercury-san-francisco-ca-new-york-cxtq8c1pd26m) — San Francisco CA New York NY Portland OR OR Within Canada OR, United States
- [Senior Financial Data Reconciliation Analyst](https://feeny.ai/job/senior-financial-data-reconciliation-analyst-mercury-san-francisco-ca-new-york-k3x8zfg3b4h7) — San Francisco CA New York NY Portland OR OR Within Canada OR, United States
- [Sales Development Representative](https://feeny.ai/job/sales-development-representative-mercury-san-francisco-ca-new-york-ny-portland-hnbbzydtvh5x) — San Francisco CA New York NY Portland OR OR Within, United States
- [Senior Software Engineer - SRE](https://feeny.ai/job/senior-software-engineer-sre-mercury-san-francisco-ca-new-york-ny-portland-or-c3x35h94p5a7) — San Francisco CA New York NY Portland OR OR Within Canada OR, United States
- [Senior Software Engineer - Investments](https://feeny.ai/job/senior-software-engineer-investments-mercury-san-francisco-ca-new-york-ny-4gep3atcj5a6) — San Francisco CA New York NY Portland OR OR Within Canada OR, United States