Mercury

Running a business is hard enough without the back and forth of employee expenses. Say hello to Expense Reimbursements — now on Mercury.

Thanks for the memories, #SFTW. ✨ While the week isn't over yet - here are a few highlights so far: - Seeing Immad Akhund share his founder story during a live podcast recording with The Room Podcast - Launching our second Meridian print issue, Cycles, and sharing it with our community during the week - Meeting new Managing Directors & Program Managers over brunch with Google — and getting some live portraits done. - Getting some IRL laughs in at Alexis Gay's hit set, "Unprofessional" If you weren't able to make it out to TECH WEEK by a16z, we'll also be live at TechCrunch Disrupt later this month (with more copies of Meridian you can pick up).

Cycles are everywhere—in nature, in our daily routines, and in business. From the changing of the seasons to the rise and fall of industries, economic booms and busts to tech hype cycles, these patterns bring both challenges and opportunities. Recognizing these cycles offers a chance to learn, adapt, and grow. Sometimes we make progress by following the pattern; other times, by breaking it entirely. We’d love to hear your stories – what cycles have you observed/experienced, and how have they shaped what you’re building today?

Corporate cards 🤝 reimbursements Efficient employee expense management, all in one place. Yesterday, we launched expense reimbursements and expanded spend policies as the newest products in our employee expense management toolkit, building on our corporate cards. Here’s what you can do now: Control employee spend upfront with corporate cards using custom limits, expiration dates, and merchant or category restrictions. Review, approve, and process reimbursements for out-of-pocket expenses in just a few clicks – with pre-set policies for receipts, notes, and submission deadlines. Manage permissions easily by giving team members access to cards or reimbursements without granting access to your account details. Simplify accounting with transaction syncing to your accounting software for seamless reconciliation. Plus, with receipts collected upfront, you’ll never hunt for one again. Set and manage spend policies across both cards and reimbursements from one central location in your Mercury dashboard. Looking for more employee expense management features? Drop your suggestions in the comments below ⬇️

Thank you Mercury for featuring a profile of Union Labs Ventures and our #TTR Climate 🌎 x DeepTech 🤖 ride series (shout out to my 🌮 partners Joshua Posamentier Brook Porter) as part of their magazine Meridian. This issue explores how cycles punctuate business and company building, and how making—or breaking—them can shape ideas, experiences, and companies. Would love your thoughts! Also shout out to (not all but many) of the TTR regulars who make our job organizing this group a pleasure Brian Jacobs Hanns Anders Troy Ault Adam Grosser Sam Kanner Mareese Keane Jackie Kossmann Tommy Leep Matt Logan Paul Straub Jordan Kobert Mari Holden OLY Jens Wiese Leonardo Banchik Peter Buckland Channing Chen Chris Cowart Bogdan Cristei 🇷🇴🇪🇺🇺🇸 Andy Kelly Arno Harris Todd Manley Wes Selke

Hot off the press: Meridian’s second print issue, Cycles. This issue focuses on how cycles punctuate our lives, from the natural seasons to the ebbs and flows of technologies to trends in how we think and feel. How some of us create magic by playing into cycles — or by actively choosing to break them. Cycles features conversations with Ryan Hoover, Sophia Amoruso, Dwarkesh Patel, Noor Siddiqui, and more. For a chance to get your own limited-edition copy, subscribe to Meridian via the link in our comments. (And if you're attending #SFTW, be sure to grab a copy from our team in person!)

#SFTW is underway, and we kicked the week off with a live recording of The Room Podcast with Immad Akhund. ✨ Check out some of the insights Immad shared below - but stay tuned for the full episode. 👇

Mercury has secured a $100 million credit warehouse with Natixis Corporate & Investment Banking, marking a key milestone for the growth of our corporate credit card* business. This credit warehouse will help us serve more customers and continue expanding our offerings. A warehouse line of credit, commonly used by fintechs to scale credit programs, allows us to fund this growth backed by our receivables. Since launching the IO World Elite Mastercard in September 2022, it’s become the most-used corporate card among Mercury customers given how seamlessly it works with their bank account. Total monthly spend has increased by more than 3X in the last year alone. Our team has been adding new features and capabilities to our cards – like merchant-locked cards and custom spend limits. Additionally, through underwriting updates made possible by our customers’ cash balances held within Mercury, we’ve doubled the percentage of customers eligible for IO since the start of 2023. Read more about what this means for Mercury here: https://lnkd.in/gPuv4cE4 *Mercury is a financial technology company, not a bank. Banking services provided by Choice Financial Group and Evolve Bank & Trust®; Members FDIC. The IO Card is issued by Patriot Bank, Member FDIC, pursuant to a license from Mastercard.

SF TECH WEEK by a16z starts today! Here's where you'll find us 👇

We believe that every detail matters when it comes to crafting an intentional employee experience. Including merch. That’s why, every year, we do an internal merch drop for our team featuring carefully crafted yet functional items for your everyday. For our 2024 Signature Collection, each employee got to choose one item — from custom designed Saint & Abel pajamas, a lightweight Rab raincoat, a durable Filson tote bag, and more. We’re also hiring: mercury.com/jobs