Episode description

Immad Akhund is the founder and CEO of Mercury, a bank for startups. 

Mercury, which launched to market in April, has raised $26 million from Andreessen Horowitz and a number of others, including the founder of Silicon Valley Bank, a respected player in the startup banking space.

Mercury offers FDIC-insured checking and savings accounts, along with payments, cashflow analytics and API-access to its customers and plans to continue rolling out functionality.

The startup banking space is hot, with players like Brex and Divvy capitalizing on the credit card and corporate spend side, and new players like Mercury exploring banking more comprehensively.

We hope you’ll bear with us on audio quality today. We picked up a bit of background noise while recording, but the conversation itself is great.

In addition to the insights we deliver through our podcast and newsletter, Rebank offers advisory services to fintechs, banks and corporates.

Drawing on our experience starting, running and advising fintech businesses and our vast network of the most impactful fintech entrepreneurs, investors and innovators around the world, we help companies make sense of fintech, work through specific questions and optimize proposition and strategy.

For more information about our services, please visit www.bankingthefuture.com.

Thank you very much for joining us today. Please welcome, Immad Akhund.