Ryan Wiggins retweeted
I really love @mercury 's banking product. Every other bank feels completely obsolete.
when you have a great idea and start a business, you'll need a bank account fast to start tracking expenses
@mercury now lets anyone apply for an account right after they've formed a business with US gov
some incorporation providers get backed up, now you don't have to wait!
we built this several years ago as part of some partnerships with trusted sources, and have had so much demand for it that we've decided to open it up broadly
it might just be a few days, but if your finances are built on great software, why should you wait?
agents are invoicing
you can manage the full lifecycle of your Accounts Receivable via mercury command -- just drop in your contracts, get recurring billing setup, and send reminders until the cash drops
what if getting paid was easy?
payroll doesn't have to be some complex app that you hate going to
you could just ask some questions and take some action (like giving that employee a raise you've been forgetting about)
we're launching @mercury payroll
setup your first payroll run in minutes, offer benefits+more to your employees, and let our payroll specialists handle everything complex
this is payroll powered by AI - use our agent, Command, to ask q's and take actions (+MCP coming soon!)
1/
Hiring your first employee is one of the biggest moments for a founder. But payroll, taxes, benefits, and compliance are far more complicated than they need to be.
Now with AI we can make the pain of payroll go away.
@Mercury Payroll* launches today!
So many founders tell me they hate their payroll provider - @mercury is bringing the simplicity and connectivity we've brought to banking, payments, cards, invoicing, accounting (and more!) to something every growing company needs
we're just getting started here
End of year is a great time to explore switching a core provider like this - we have a team ready to jump on a call and walk you through it live -- check it out: mercury.com/payroll
*Mercury Payroll is offered by Mercury Technologies, Inc. Certain services are provided by Central Benefits and Insurance Services LLC, a Mercury affiliate, and by third-party partners, including Check Technologies, Inc. and Check Payments LLC. AI-generated information may be incomplete or inaccurate and should not be relied upon as legal, tax, or accounting advice. You are responsible for reviewing and confirming information before submitting or approving payroll actions.
**Mercury is a fintech company, not an FDIC-insured bank. Banking services provided through Choice Financial Group and Column N.A., Members FDIC.
Ryan Wiggins retweeted
@mercury's MCP just saved me hours.
I had it reconcile invoices, card charges, and Stripe deposits. That used to eat up my whole afternoon, but it took seconds.
The best AI use cases are the boring jobs nobody wants to do.
Ryan Wiggins retweeted
I remember very clearly how, in 2022, everybody thought Brex was the winner, Mercury's product was lagging behind, and Ramp was an emerging challenger.
Fast forward: Brex was acquired for about $5B (down from $12B), Ramp raised at a $60B valuation, and Mercury crossed $1B in annualized revenue and is profitable. Pretty wild when you think about it.
Mercury played the long game, and it's doing the same with agents. Some of the biggest banks are blocking them. Mercury is building the controls so the answer can be yes: the customer decides what an outside agent can do, it can't bypass existing permissions, and access can be revoked any time.
Congrats to Immad and the team.
Excited to announce @Mercury crossing $1bn/yr in revenue and 450k customers.
Just getting started! View article
today we're sharing @mercury crossed $1b/year in revenue
i joined 5 years ago right as we hit $10M/year and ~20k customers - the curves looked exponential, product was beautiful and people were great so I jumped in. "A 10x is just a 3x 2x 2x" @immad told me a few times
now we're powering >1 in 3 startups and defining the next era of business and personal banking through the software we build, agentic capabilities we empower, and new products in accounting/payroll/invoicing we're launching.
just getting started!
Excited to announce @Mercury crossing $1bn/yr in revenue and 450k customers.
Just getting started! View article
sara is one of the engineers behind MCP actions
in this note, she shares how we designs and built the experience that enables safe money movement via AI agents - a ton of tiny details went into it to make the user experience easy and powerful
this is anti-consumer behavior by big banks and i'm sad to see it
@mercury MCPs paired with agents are enabling innovation by saving time and offloading financial tasks. we've heard from hundreds of entrepreneurs building financial reports/alerts, automating bookkeeping, getting on top of invoice colelctions
and you can stay in control because its part of the product we give agents: we give limited permissions, you can revoke access anytime, any sensitive action requires a login + confirmation
Citigroup now bars third-party AI agents from logging into customer accounts or moving money inside its digital banking platforms, according to the Financial Times.
Bank of America has imposed similar limits, joining JPMorgan Chase, which is restricting outside AI agents after Jamie Dimon warned that thousands of “rogue agents” could otherwise operate inside the bank.
The deeper threat is to bank funding, since agents comparing rates could move cash from checking accounts paying about 0.1% into fintech accounts paying 3.3% to 5%.
JPMorgan, Bank of America and Wells Fargo hold $1.6T in non-interest deposits, and paying 3% on that money would cost $47B a year, close to half their combined annual earnings.
Ryan Wiggins retweeted
This is so rad.
You can now fully manage your Mercury account from within ChatGPT!
This includes making payments and transferring money.
All transfers still require final approve from within Mercury.
Fun collab!
Props to the Mercury team on a great ChatGPT plugin 🙌
1/ Starting today you can take actions on your @Mercury business and personal accounts right from your agent (ChatGPT/Claude/etc) via the MCP.
Our MCP already let you ask questions about your accounts.* Now it can move money too (with your approval).
Ryan Wiggins retweeted
Got early access to Mercury actions for a while now and this finally completed my accounting/admin workflow as a solo founder running a 7-fig agency 🔥
@bot creates payments in @mercury from email invoices and our internal records. I just go in and approve. Reconciliations with our books run monthly in Codex with the mercury MCP too.
Took me a while to get past the "my bank shouldn't be shiny" syndrome but I don't see a way back at this point
1/ Starting today you can take actions on your @Mercury business and personal accounts right from your agent (ChatGPT/Claude/etc) via the MCP.
Our MCP already let you ask questions about your accounts.* Now it can move money too (with your approval).
Ryan Wiggins retweeted
i hit my final straw with JPM last week. i told Instinct to sign me up for @mercury, and to my astonishment it did it 95% autonomously (i just had to verify my identity with a photo).
building AI+agent-native products is now a user requirement
1/ Starting today you can take actions on your @Mercury business and personal accounts right from your agent (ChatGPT/Claude/etc) via the MCP.
Our MCP already let you ask questions about your accounts.* Now it can move money too (with your approval).