Fiscal.ai vs Mercury
A detailed comparison to help you choose between Fiscal.ai and Mercury.
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Verdict: Mercury wins
Mercury scores 4.2/5, edging out Fiscal.ai at 3.9/5. US-registered startups and small businesses that want free business banking with built-in, approval-gated AI for spend insight and routine finance operations.
Fiscal.ai AI research assistant for public-company financials | Mercury Banking for startups with AI insights | |
|---|---|---|
| Rating | 3.9 (1 review) | 4.2 (1 review) |
| Pricing Model | freemium | free |
| Starting Price | Free tier available | Free |
| Best For | Retail and independent analysts doing fundamental research on public companies who want AI answers they can trace back to filings. | US-registered startups and small businesses that want free business banking with built-in, approval-gated AI for spend insight and routine finance operations. |
| Free Tier | ||
| API Access | ||
| Team Features | ||
| Open Source | ||
| Tags | free tier | free tierapi access |
| Visit Fiscal.ai → | Visit Mercury → |
Fiscal.ai
Pros
- + Click-through audit to filing: on Max, every Copilot figure links to the exact filing page it came from — I traced several figures and the links landed on the right source paragraph
- + Same database is available as REST API, webhooks and an MCP server (api.fiscal.ai/mcp) with an official Claude connector, so research data flows into your AI tools
- + Free tier includes ten years of annual financials — enough for a real trend check before paying
- + Copilot does cross-document analysis on Pro (10-K vs earnings-call tone), which is more useful than single-document summaries
- + $79/month Max undercuts mid-market terminals dramatically while keeping standardized and as-reported figures side by side
Cons
- - No real-time quotes anywhere, and no options or futures — delayed fundamentals data only
- - Financial-data export is Max-only and stops at the US, Canada, ADRs, the UK and the EU despite 100K+ stock coverage
- - API transcript and news history is months deep, not years (news starts late April 2026), which limits backtesting
- - The API/MCP subscription publishes no price and bills annually, so infrastructure cost needs a sales call
- - Company is young (FinChat launched 2023, $10M Series A June 2025) — thin operating history compared with incumbent data vendors
Mercury
Pros
- + Base plan is genuinely $0/month with no minimums or overdraft fees, and the free surface covers checking, cards, invoicing and bill pay
- + Insights — live dashboards, ad-hoc financial questions, spend notifications — is included free on every plan per mercury.com/insights
- + Command executes natural-language instructions across the account stack but only with explicit per-action approval and a traceable record
- + Up to $5M FDIC insurance through partner banks and sweep networks, per the plan comparison
- + Free API, MCP server and CLI let you drive Mercury from your own agent tooling
Cons
- - US-only for business banking, cards and treasury — non-US entities are excluded
- - Treasury requires a $250K Mercury balance to unlock, locking out early-stage startups
- - AI features only see Mercury data; no connection to external revenue or payroll systems unless routed through Mercury
- - Enriched NetSuite automations and $0 ACH debit invoicing sit behind the $299/month Pro plan
- - 1099 filings cost $5 per filing on the free plan, and Books/Payroll are add-ons whose fee waivers end 31 December 2026
Frequently Asked Questions
Which is better, Fiscal.ai or Mercury?▼
Mercury scores higher at 4.2/5 vs 3.9/5 for Fiscal.ai, making it the better-rated option in our comparison.
What is the difference between Fiscal.ai and Mercury?▼
Fiscal.ai: Fiscal.ai, formerly FinChat, answers questions about public companies from their filings, segment data and estimates. Mercury: Mercury provides business banking for startups and growing companies, with accounts, cards, bill pay and treasury in one dashboard.
Is Fiscal.ai or Mercury more affordable?▼
Fiscal.ai starts at €0/mo, Mercury starts at €0/mo. Check the comparison table above for current pricing.
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