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Building Mercury with Immad Akhund, Founder & CEO
Manage episode 365604994 series 3456279
المحتوى المقدم من Rex Salisbury. يتم تحميل جميع محتويات البودكاست بما في ذلك الحلقات والرسومات وأوصاف البودكاست وتقديمها مباشرة بواسطة Rex Salisbury أو شريك منصة البودكاست الخاص بهم. إذا كنت تعتقد أن شخصًا ما يستخدم عملك المحمي بحقوق الطبع والنشر دون إذنك، فيمكنك اتباع العملية الموضحة هنا https://ar.player.fm/legal.
Incredibly excited for this conversation with Immad Akhund, the Founder of Mercury, a business bank for startups.
Mercury was founded in 2017 when almost no on had tried to build to a neobank for business. Today, Mercury has over 100,000 business customers and provides a suite of banking products
- Checking and Savings
- Credit Cards and expense management
- Treasury
- Venture Debt
In this conversation, we talk about just how hard, but rewarding the journey has been. Each year has been radically different from previous:
- 2017 how?
- 2018 build!
- 2019 launch!
- 2020 covid
- 2021 ecommerce boom & tech bubble
- 2022 tech crash
- 2023 SVB fails...
Most recently, the failure of SVB, their primary incumbent competitor, was a huge accelerant of the business with $2 Billion in deposits flow in a matter of weeks.
This is a great story of what it takes to build in fintech.
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