Akhund: Mercury is the only startup-focused challenger bank in the U.S.
Immad Akhund · 20VC: Mercury Founder Immad Akhund on Why Angel Investing Makes Founders Better Operators, The Right Way For Founders To Discuss and Present Competition To Investors & How To Think About Your Initial Wedge Into The Market and How It Expands Over Time · Sep 20, 2019 · at 21:27
Immad Akhund is the founder and CEO of Mercury, a business bank for startups. He addresses whether the challenger bank sector is oversaturated for tech companies.
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“If you take what we're doing at Mercury, there's no one else really doing a startup focused challenger bank. I would say the zero, which is really good. The only people we're competing against is Silicon Valley Bank and First Republic and Chase.”
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