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Mercury – Banking built for startups

mercury.co

11–20 of 124 posts

Re: Mercury – Banking built for startups

#11
post #5

I am co-founder, CEO of Mercury. Excited to see this on HN. Happy to answer any questions. We set out wanting to: a) deliver an amazing online banking experience for startups b) help entrepreneurs understand their revenues/costs better and succeed c) deliver great financial services. We have a long way to go but are excited to unveil what we have achieved so far. Mercury will provide your startup a FDIC-insured check…

Nina Sharp, and Walter Bishop? :D

Re: Mercury – Banking built for startups

#13
post #5

I am co-founder, CEO of Mercury. Excited to see this on HN. Happy to answer any questions. We set out wanting to: a) deliver an amazing online banking experience for startups b) help entrepreneurs understand their revenues/costs better and succeed c) deliver great financial services. We have a long way to go but are excited to unveil what we have achieved so far. Mercury will provide your startup a FDIC-insured check…

Are you folks integrated with Quickbooks or Xero yet? I didn't see any info on the website. Are there mobile apps? Mobile check deposit? If so, any limits on it?

Quickbooks/Xero - We do a compatible data export for them. Which works okay for our bookkeepers (Pilot). We are working on integrating with their bank aggregator. Xero will be done pretty soon. Quickbooks, I don't have an ETA on.

Mobile apps - coming soon. Any particular features you would like to see.

Check deposits - will be live on the website first, early next week.

Limits - For most types of transactions they are $200k/day. With some variances. There are other limits. If you have a specific one in mind or want more details email me!

Re: Mercury – Banking built for startups

#14
post #8
post #5

I am co-founder, CEO of Mercury. Excited to see this on HN. Happy to answer any questions. We set out wanting to: a) deliver an amazing online banking experience for startups b) help entrepreneurs understand their revenues/costs better and succeed c) deliver great financial services. We have a long way to go but are excited to unveil what we have achieved so far. Mercury will provide your startup a FDIC-insured check…

My usual question to companies that offer banking without fees: If you aren't making money from the fees, how are you making money?

Actually most banks make money on deposits and thats their primary source of revenue. We have a rev-share with the bank on deposits revenue. Most of the time there is no good reasons for there to be any fees in our opinion.

Re: Mercury – Banking built for startups

#15
post #9
post #5

I am co-founder, CEO of Mercury. Excited to see this on HN. Happy to answer any questions. We set out wanting to: a) deliver an amazing online banking experience for startups b) help entrepreneurs understand their revenues/costs better and succeed c) deliver great financial services. We have a long way to go but are excited to unveil what we have achieved so far. Mercury will provide your startup a FDIC-insured check…

Is there anything on your product roadmap about importing my transactions from my old bank to kickstart the analytics?

Good question.

Yes. Probably not in the next month or so, but definitely soon after that. This is especially useful for credit card transactions since we don't offer one at the moment.

Re: Mercury – Banking built for startups

#16
post #5

I am co-founder, CEO of Mercury. Excited to see this on HN. Happy to answer any questions. We set out wanting to: a) deliver an amazing online banking experience for startups b) help entrepreneurs understand their revenues/costs better and succeed c) deliver great financial services. We have a long way to go but are excited to unveil what we have achieved so far. Mercury will provide your startup a FDIC-insured check…

Wow, do you have the API docs? I'd like something for scriptable money transfers.

Not yet. If you drop me an email I can send you an update when we do. Also let me know what your specific use case is.

Re: Mercury – Banking built for startups

#17
post #5

I am co-founder, CEO of Mercury. Excited to see this on HN. Happy to answer any questions. We set out wanting to: a) deliver an amazing online banking experience for startups b) help entrepreneurs understand their revenues/costs better and succeed c) deliver great financial services. We have a long way to go but are excited to unveil what we have achieved so far. Mercury will provide your startup a FDIC-insured check…

Nina Sharp, and Walter Bishop? :D

:)

Re: Mercury – Banking built for startups

#18
post #5

I am co-founder, CEO of Mercury. Excited to see this on HN. Happy to answer any questions. We set out wanting to: a) deliver an amazing online banking experience for startups b) help entrepreneurs understand their revenues/costs better and succeed c) deliver great financial services. We have a long way to go but are excited to unveil what we have achieved so far. Mercury will provide your startup a FDIC-insured check…

What is the availability of the service for countries outside US? Is it supported? If not, what are the plans for supporting it?
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