Earlier quoted context omitted.
Nina Sharp, and Walter Bishop? :D
:)
Fringe joke right there.
Mercury – Banking built for startups
21–30 of 124 posts
Re: Mercury – Banking built for startups
#22I 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?
The company has to be incorporated in the US. But the founder can be foreign.
Unfortunately banking is a very geo by geo thing in terms of regulation, payment rails, banking partnerships etc. We don't have any immediate plans to launch outside the US, though I would love to be global from day 1 if we could.
Re: Mercury – Banking built for startups
#23Your focus on API-driven banking really intrigued us, however I wasn't surprised to see that you won't bank money services businesses. Kind of a shame, because we could really use an API to help with cash management.
We don't do MSBs on the website, but we can support them in theory. Just need extra diligence docs.
Send me an email and we can try to make it happen.
Re: Mercury – Banking built for startups
#24I'm a co-founder and CTO at Mercury. We have some amazing frontend UI (the onboarding flow especially) if you'd like to check it out, and our backend is 100% Haskell. AMA
Really like Haskell after taking an upper level programming language class. Interesting choice as I haven't seen/heard of many using it as a backend.
Re: Mercury – Banking built for startups
#25What exactly is the business model for this venture? Vendor lock-in?
Repost from another comment:
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
#26I 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…
Immad, congratulations on the launch!
1) Do you support international wire transfers? If so, any advantages in terms of fees and exchange rates over a traditional bank such as Wells Fargo?
2) Do you require hardware keys or does 2 factor auth suffice?
Re: Mercury – Banking built for startups
#27Earlier quoted context omitted.
What is the availability of the service for countries outside US? Is it supported? If not, what are the plans for supporting it?
The company has to be incorporated in the US. But the founder can be foreign. Unfortunately banking is a very geo by geo thing in terms of regulation, payment rails, banking partnerships etc. We don't have any immediate plans to launch outside the US, though I would love to be global from day 1 if we could.
Check out Railsbank.com
Re: Mercury – Banking built for startups
#28I'm a co-founder and CTO at Mercury. We have some amazing frontend UI (the onboarding flow especially) if you'd like to check it out, and our backend is 100% Haskell. AMA
How did you sell Haskell?
Once Haskell was decided on, how did you approach development?
Re: Mercury – Banking built for startups
#29I 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…
Immad, congratulations on the launch! 1) Do you support international wire transfers? If so, any advantages in terms of fees and exchange rates over a traditional bank such as Wells Fargo? 2) Do you require hardware keys or does 2 factor auth suffice?
I'm not apart of Mercury, but per their pricing page [0] sending domestic and international wires are $5 and $35 respectively while receiving from both is free.
Re: Mercury – Banking built for startups
#30I 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…
US-only, do I understand correctly? EU companies need not apply?