Akhund: 60% of Mercury's Revenue Disappeared When Interest Rates Hit Zero in 2020
Immad Akhund · How Mercury Hit $500M ARR—then raised $300M from Sequoia at $3.5B. | Immad Akhund, CEO & Founder ... · PMF Show · Jul 21, 2025 · at 50:05
Immad Akhund is the CEO and founder of fintech company Mercury. He reflects on the company's early vulnerabilities and the shock of March 2020.
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“When COVID happened like, it's, like, March, 2020, interest rates go to zero which, you know, from our perspective, like, that was, like, At that point, like, 60% of our revenue went to zero, basically.”
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