Mercury: the unbundling of Silicon Valley Bank
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TL;DR: As Silicon Valley Bank collapsed last week, $3B+ in funds flowed through the startup ecosystem to other startups, particularly neobanks Mercury and Brex. This catalyzing event gives Mercury the opportunity to aggregate startup demand, build the Booking.com of startup banking and create a new gathering place for technology startups and capital. For more on Mercury’s strategy to build for safety and engagement, check out our interview with Immad Akhund, CEO at Mercury.
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