immad

12 ms·

1.
by immad 4y ago
Agreed. We would need a credit card to target that spend. Appreciate the feedback.
2.
by immad 4y ago
Okay. We don’t have a credit card right now, only debit. For small businesses doing high reward credit cards is not a sustainable business. Which is why Brex is shutting them down.
3.
by immad 4y ago
This comment is so ironic. Love it.
4.
by immad 4y ago
Support is <5% of our revenue. If the product mostly does what it should then support costs shouldn’t be crazy. (Assuming that’s the part that you think is unscalable for us)
5.
by immad 4y ago
CEO of Mercury here. If you are looking for an alternative, we are 100% committed to businesses of all sizes: A) the smallest businesses can be the next big startup B) We maintain strong unit economics at all sizes. We setup a landing page
6.
Mercury Raise – apps opened to help raise seed/A/DTC rounds(mercury.com)
2 points by immad 5y ago|0 comments
7.
by immad 6y ago
(I am the ceo of Mercury) Sometimes a bank compliance team can not legally say why a bank applicant is not approved. In those situations we can also not tell an applicant that, that is the case. Though that is pretty rare, if you email me y
8.
by immad 6y ago
The parent mentioned QBX statement, which is a Quickbooks format. Its a fairly standard format used across different accounting software.
9.
by immad 6y ago
Thanks for the details Tyler. Exporting - From my understanding the CSV format matches the QB specification. Are you saying that it matching the filters is an issue or that the format is incorrect. Treasury for nonprofits - We only just lau
10.
by immad 6y ago
We have a QB export compatible file. It's an export button on the top of our transactions page and has date, description, amount, status, bank description, reference and notes as column. I don't think we have specific documentatio
11.
by immad 6y ago
(I am the ceo of Mercury) We do have an export feature. Let me know what its missing (email in bio). Also, what did you think was misleading? We try to be fairly straightforward and transparent with everything we offer.
12.
by immad 6y ago
Yeah, super easy. Just go to mercury.com/cards once you have an account.
13.
by immad 6y ago
If you email us we can enable support to South Africa (and most countries). We need some extra info right now to do that. We should be able to do most (non sanctioned) countries by default soon too.
14.
by immad 6y ago
99% of the time Plaid functionality is used to transfer money from your previous business bank account to Mercury. In that scenario it's useful to have balance information. Most people transfer money from personal account via another m
15.
by immad 6y ago
We make money on debit card usage (interchange) and deposits that sit with us. We will be adding a couple of other revenue streams this year. We have pretty good unit economics and the bigger we get the more money we make. Agreed that you s
16.
by immad 6y ago
We now have an iOS app. I don't think CSS modules are the issue to making it responsive. We just decided to focus the design/engineering resources on making mobile apps instead of responsive web app. Ideally we would do both thoug
17.
by immad 6y ago
Currently 0. But we have a new product coming up that will help with that. Feel free to email me if you want to be in the beta for that. Won't be widely released till August.
18.
by immad 6y ago
Displaying personal balance - Thats come up before, will try to get a fix prioritized for that.
19.
by immad 6y ago
(I am the CEO of Mercury.com.) Lots of people switch over from SVB to us. Happy to answer any questions you have. We go out of our way to be transparent in pricing, have great customers service and "just work". We dont currently d
20.
by immad 6y ago
Can you email me (email in profile) and I can connect you to some people in the US trying to solve this.
21.
by immad 7y ago
Mercury | React+Typescript, Haskell Engineer, Support, BD | San Francisco, CA | Full-time | ONSITE or REMOTE (US) Mercury (mercury.com) is building banking products for startups. We are currently ~30 people and have raised $26m from top tie
22.
by immad 7y ago
Mercury | React+Typescript, Haskell Engineer, Visual Designer, BD | San Francisco, CA | Full-time | ONSITE Mercury (mercury.com) is building banking products for startups. We are currently 26 people (13 engineers, 2 designers, 5 BD/Ops
23.
by immad 7y ago
I am the cofounder of Mercury.co. We built a modern bank to support US businesses. I am somewhat surprised by the negativity on HN to this post. I think the author is on target with issues he identifies at incumbent banks. The future is goi
24.
by immad 7y ago
A dead persons skin is still conductive.
25.
by immad 7y ago
Mercury | iOS Swift, React+Typescript, Haskell or generalist Software Engineer | San Francisco, CA | Full-time | ONSITE Mercury (mercury.co) is building a bank for startups. We are currently 14 people (8 engineers, 1 designer, 5 BD/Ops
26.
by immad 7y ago
Mercury | iOS Swift, React+Typescript, Haskell or generalist Software Engineer | San Francisco, CA | Full-time | ONSITE Mercury (mercury.co) is building a bank for startups. We are currently 11 people (7 engineers, 1 designer, 3 BD/Ops
27.
by immad 7y ago
Mercury.co uses Haskell. It’s been great so far. Mercury.co/jobs if you are interested.
28.
by immad 7y ago
Its most likely geographical arbitrage
29.
by immad 7y ago
Since you made me curious I read the why :) > The Soviet whalers, Berzin wrote, had been sent forth to kill whales for little reason other than to say they had killed them. They were motivated by an obligation to satisfy obscure line ite
30.
by immad 7y ago
I found my first “real” job very draining in the same way you described. And for a while I thought that I just wasn’t motivated by anything. I quit. My first 2 companies failed but I have never felt unmotivated since (13 years later). Your

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