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