Mercury, the banking stack, made a splash with its debut back in 2019 as an early business-focused challenger bank....
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Todayâs newsletter was crafted by us and sponsored by our friends at [Mercury](. [Mercury](, the banking stack, made a splash with its [debut]( back in 2019 as an early business-focused [challenger bank](. Co-founder Immad Akhund started working on the company after reflecting on his own banking difficulties while founding Heyzap (acquired in 2016), and on the experiences of the 200+ startups that he had invested in too. At the same time, he had been impressed with the consumer-focused neobanks that had risen across Europe (think Monzo, Revolut). European neobanks are known for their modern UIs and super fast onboarding, so the entrepreneurs who knew what they were missing were [excited]( to see Mercuryâs launch in the US. Mercury carried on the concept that banking deserves a better UI. An application can be completed in minutes, enabling companies across the world to get an FDIC-insured checking account, debit card, and savings account often within a few hours. You can see the dashboard experience in a new [new demo]( the team shared last month. The [API that Mercury launched]( next was a part of the companyâs vision from the start, Akhund shared. Startups can use the read & write API to customize their banking experience, for example, automating Slack bots to send custom notifications to their teams. While Mercury has continued to evolve into a full business banking stack (debit cards, currency exchange, and wire transfers were built in after launch), itâs also expanded its focus to providing new offerings that help startups access the capital they need to grow. The team put together an [Investor Database](, a tool thatâs filterable by industry, type, and check size, so that founders can find an investor and get in touch. They also created [Mercury Raise](, a program that puts startups in front of seasoned investors. Think of it like a founder-friendly Shark Tank. Now, [Mercury]( has launched [Venture Debt]( to help founders get quality capital without sacrificing too much equity. Minimal dilution and founder-friendly terms can help companies extend their runway, supercharge growth, and even reach a higher valuation. Mercury is a financial technology, not a bank. Banking services provided by Evolve Bank & Trust®; Member FDIC. [To founder-friendly capital]( WEB3-AS-A-SERVICE âGo figure, only a week after leaving PH as an SWE, I am back again as a maker because you really can't leave a community as strong as PH,â Tim shared on [Rampp](âs launch today. [Rampp]( wants to make launching and managing NFT projects easy and code-less. It helps you get your collection on a decentralized service in bulk, and generate a custom smart contract and minting site for your community. [LAUNCH A PROJECT]( How To
The transparent salary playbook
Back in 2013, I shared my salary publicly for the first time. Not just with my team or some close friends but with everyone on the internet. [Read more (12min read)]( Wednesday, 16 March 2022
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