Question

What trends in fintech are you looking forward to?

And how might those trends shape Mercury?

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immad's avatar
6 months ago
Challenger banks productizing/democratizing financial services

Many challenger banks and fin-tech companies are finally reaching the scale where they can do interesting products that were only available with scale.

This has already led to a large consumer benefit: like no transaction fees for trading stocks and high interest savings accounts. As the impact expands we are going to see benefits across lending and other payment types.

6 points
maguay's avatar
@maguay (replying to @immad )
6 months ago

Curious, do you see something that’s made so many credit card startups pop up recently, beyond it being a trendy space? Change in regulation or something else that’s made it easier to launch?

1 point
immad's avatar
@immad (replying to @maguay )
6 months ago

Tools like marqeta.com reduced the barrier to entry in the credit card space far enough that you could launch a credit card startup with <$2m of funding.

Once you get the barrier to entry low enough you get a non linear affect in innovation.

This is also playing out in the checking/saving account space.

4 points
maguay's avatar
@maguay (replying to @immad )
6 months ago

Oh very interesting—that's exactly what I was wondering. Thanks!

1 point
sarah's avatar
@sarah (replying to @immad )
6 months ago

Will Mercury explore the lending and/or credit card space?

1 point

This question is part of an AMA with Immad Akhund.

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