Mercury, a San Francisco-based banking firm focused on startups, has raised $20m in series A funding led by venture capital firm Charles River Ventures.

Existing investor Andreessen Horowitz, which is also a venture capital company, joined the round with other investors including Will Smith’s Dreamers Fund, Kevin Durant’s Thirty Five Ventures, and Serena Ventures.

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Mercury, which started its services in April this year, seeks to power the next generation of companies that will shape American industry.

The firm has added integrations with Xero, Quickbooks, Plaid, and Finicity and took the first version of its API live, allowing users access their accounts programmatically to automate tasks instead of performing them by hand.

Mercury CEO Immad Akhund said: “This initial version of the API is just a small step towards building a bank that helps startups succeed. We’re working on features that will change how you think of your financial stack, like streamlining payments or maximizing the value of your treasury.”

In August 2017, Mercury completed their seed funding round with $6m in funding led by Andreessen Horowitz.

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Mercury, which now has more than 100 smart, supportive, entrepreneurial investors, provides banking for startups with account coming with debit cards, ACH payments, check payments, nice tools and features.

The services also come with checking account and savings account earning 1–1.5%, domestic and international wire transfers.

Mercury accepts US companies that are not money services businesses or involved with adult entertainment, marijuana or internet gambling.