The Ledger
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Akhund: Mercury increased valuation from $1.6B to $3.5B
“Our last round was at 1.6 billion valuation. This is 3.5.”
Akhund: Mercury launched personal banking with a five-person team
“So I think we had a five person team. We, one of the drivers was we found this amazing guy, Alexei who previously had his own kind of startup neobank in the consumer space. And then he helped Albert launch their consumer bank, and then did the same at Mercury.”
Akhund: Sonya Huang led Sequoia's investment in Mercury
“Yeah, Sonya Huang. She's been doing a ton in AI, including Langchain and Glean and she knows a lot about FinTech as well, so excited to have her on board.”
Bench co-founder sold subsequent accounting startup to Mercury
“He goes and starts like some other accounting related business with all the experience that he had. Then has a nice exit to Mercury, and now he works on there. Started and had a successful exit. Now he runs their, like, accounting product to Mercury.”