Mercury

Ryan Carson

@ryancarson

Why would any startup NOT use @mercury + @atlas? They're just so freakishly good. Created the Delaware C-Corp in 1 hour with $0 lawyer fees. Now raising money is so easy with their Fundraising feature. Closing an investor takes 2 steps: 1. Send Safe doc via Atlas (uses DocuSign under hood) 2. Send Mercury payment link Just got another investor's commitment wired into our account by clicking one button. I've been paid $0.00 to say this :)

Ankur Nagpal

@ankurnagpal

New USVC Investment: We just invested $5M in the @mercury Series D with a16z, Sequoia Capital, TCV, CRV and others This investment was directly on the cap table with no underlying fees or carry Here's why we are so bullish on @immad and team: https://t.co/TNn6OBFYao

Nik

@NikMilanovic

Massive $200M Series D for @Mercury at a $5.2B valuation. Up 50% from last year, driven by its approval to become a federally regulated bank, which would allow it to offer lending, join @Zelle and reduce reliance on partner banks. Glad that @thefintechfund invested 4 yrs ago!

JC Bahr-de Stefano

@jbahrdestefano

Big fintech news: @mercury is officially launching Mercury Personal to general availability! After a limited beta that started last year (April '24), Mercury is making their product available to all. The early traction was impressive: - Beta users average $80K+ balances (vs ~$60K US average) - 50% are existing Mercury business customers - 50% are entirely new to Mercury It costs $240/year but gives users access to all of the following: - High-yield savings (5x+ national average APY) - Built-in investing via Mercury Invest - Up to $5M+ FDIC insurance - Shared access with customizable permissions - Joint accounts (up to 4 people) - Multiple physical/virtual debit cards with custom limits - Free domestic wires & ACH - Global ATM fee reimbursements - Automated savings & cash flow tools https://t.co/dV8T1eM2Gb

Sonith

@_sonith

My conversation with @immad, CEO and co-founder of @mercury. Immad's story is so unique yet largely underdiscussed. His father owned a mechanic shop and his mom was a teacher. After immigrating to the US, he spent nearly a decade pivoting before finally selling his first company for 45M. We dug into the sheer pain tolerance required to pivot constantly and still find sources of motivation, something many early-stage founders don't hear about enough. From there, Mercury got off the ground — but with a unique twist. Immad generally doesn't work weekends and has still built one of the most successful fintechs. This goes entirely against Twitter hype that promotes working every waking hour, and Immad's clarity on this topic was refreshing. He feels like he's "playing the bonus levels" and is still just getting started. Mercury is now worth multiple billions of dollars with 500M+ in recurring revenue, 10 consecutive quarters of profitability, and still growing 40% YoY. I hope you enjoy this conversation, Immad's clarity on company building, and learning about his life. PS. As quite the ending, Immad & I tried Habanero hot sauce off his conference room table! Timestamps: 00:00 Intro 2:11 Growing Up in Pakistan And Moving to London 6:37 "Yelp For London" and Early Entrepreneurial Endeavors 10:45 Pivoting From Flash Games to Mobile Ad Networks 12:15 Selling a Company After 8 Years of Pivoting 16:42 Thank You to Macroscope and Timeless Partners 17:56 Meeting His Wife Through Facebook 19:09 Finding Your Life’s Work 22:35 The Origins of Mercury 26:44 The Importance of Design at Mercury 27:37 How Mercury Landed Its Initial Customers 29:12 Raising Mercury's Seed Round 31:09 The Choice to Not Work Weekends 34:58 Immad's Best Startup Ideas 36:15 Are There Moats with AI? 38:05 Mercury’s 10-year vision 39:50 From Angel Investing to Formalizing a New Fund 42:13 Paul Graham's Influence 44:33 Parenting Philosophy 46:01 Sources of Happiness 46:52 Immad & I Taste Hot Sauce Off a Conference Table!

Sonya Huang 🐥

@sonyatweetybird

the culture it takes to do these two things in the same week (national bank charter conditional approval + banking cli) is remarkable some banks will thrive post AGI…. deposit account for tokens wen 🙂 congrats @mercury @immad

Immad Akhund

Co-founder & CEO

Co-founder and CEO of Mercury; previously founded mobile ad startup Heyzap and is an active angel investor.

Max Tagher

Co-founder & CTO

Co-founder and CTO of Mercury, leading the company's engineering organization.