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immad

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Mercury Raise – apps opened to help raise seed/A/DTC rounds

mercury.com
2 points·by immad·4 वर्ष पहले·0 comments

comments

immad
·4 वर्ष पहले·discuss
Agreed. We would need a credit card to target that spend.

Appreciate the feedback.
immad
·4 वर्ष पहले·discuss
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.
immad
·4 वर्ष पहले·discuss
This comment is so ironic. Love it.
immad
·4 वर्ष पहले·discuss
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)
immad
·4 वर्ष पहले·discuss
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 to get these customers onboarded quickly: https://mercury.com/partner/brex
immad
·6 वर्ष पहले·discuss
(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 your company name/email I can take a look to see if I can provide more insight. We generally try to accept everyone we can legally accept if they are not in a prohibited industry etc.
immad
·6 वर्ष पहले·discuss
The parent mentioned QBX statement, which is a Quickbooks format. Its a fairly standard format used across different accounting software.
immad
·6 वर्ष पहले·discuss
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 launched Treasury (in December) and nonprofits are a relatively small part of our business so this hadn't come up during our alpha. I am going to investigate why our clearing house does not support nonpfotis, and make sure the restrictions is clearly stated.

Tea Room Deals/Perks - We recently launched this https://mercury.com/perks. Did you see this already and it doesn't match what you want or did you miss it?

Tea - We were revamping the tea packaging so it might be on pause right now. But we do really ship some pretty nice tea normally :).

The other thing that you get with tea room is free domestic + international wires.

Anyway, I can see why your experience was disappointing. I really appreciate the feedback and hopefully we can improve to deliver something better in the future.
immad
·6 वर्ष पहले·discuss
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 documentation of that feature, but I am happy to demo it. Our api documentation is here: mercury.com/api.

I am sure there is something specific Tyler was talking about. Would love to learn what it is so we can fix it.
immad
·6 वर्ष पहले·discuss
(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.
immad
·17 वर्ष पहले·discuss
Really sad. Dan was a smart and funny guy. He had a great way of looking at life and very confident.

The world will definitely be a poorer place without him.
immad
·19 वर्ष पहले·discuss
just for jokes! :P