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November 14, 2022
Magic links, lower Treasury fees, and more
Mercury is engineered to make sure you don’t lose sleep thinking about banking*. We’re constantly innovating and iterating our product because we believe your banking tasks should feel simpler, more intuitive, and maybe even a little enjoyable. Keep reading to discover the most recent updates to your banking experience.
🪄 Pick up where you left off with magic links
Say you start your Mercury application at the exact moment your dog needs a bathroom break — now, as a part of your onboarding experience, you’ll receive an email with an embedded, one-time authentication token. Rather than having to log back in upon your return, you can click this token link and pick up where you left off from a device of your choosing.
Start your Mercury application today.
Start your Mercury application today.
⚙️ Experience our new venture debt process
Meet the Mercury Venture Debt dashboard. Built with industry-first tech, it’s our modern take on the venture debt process. This is one piece of our vision for bringing speed and transparency to the entire venture debt process. With it, applying for funds, submitting your diligence docs, and accessing your capital once you've been approved will all happen in one place. And as always, if you need help, you always have access to a human touchpoint: your capital advisor.
Interested in seeing if Mercury Venture Debt is right for your company? Take this quick questionnaire.**
💸 Maximize yield on idle cash with lower Treasury fees
With interest rates on the rise, don’t overlook the opportunity to put your idle cash to work with an automated cash management solution.
Mercury Treasury is designed to help high-growth startups park their excess cash in ultra-safe money market funds. We’ve recently lowered our fees so that you can earn up to 3.67%*** on SIPC-insured funds, with no minimums and no restrictive withdrawal windows — all from the same dashboard where you do your banking.
🧾 Leave a paper trail for your Payment Requests
You now have the option to download your Payment Requests and their details as a PDF. To do this, visit a Payment Request link and look for a file icon download button.
✨ Watch IO shimmer
Once you’ve signed up for a physical IO card, a magical detail will be waiting for you.****
Want to try these features out for yourself? Give our customizable demo a spin — it’s outfitted with all our latest bells and whistles to give you the full product experience.
*Mercury is a financial technology company, not a bank. Banking services provided by Choice Financial Group and Evolve Bank & Trust, Members FDIC.
**For existing Mercury customers, only account admins have access to the Venture Debt application and dashboard.
***This communication does not constitute an offer to sell or the solicitation of any offer to purchase an interest in any of the securities or funds described herein. Net yield numbers as of 11/14/2022, and assumes total Mercury deposits of $20M+. Interest rates are updated weekly and have increased substantially in 2022. Historically, the new Fed rate can take a few weeks to be reflected in the Treasury rate; see Mercury’s most up-to-date rate here.
****The Mercury Debit Cards are issued by Choice Financial Group and Evolve Bank & Trust, Members FDIC, pursuant to licenses from Mastercard. The IO Card is issued by Patriot Bank, Member FDIC, pursuant to a license from Mastercard.
This communication does not constitute an offer to sell or the solicitation of any offer to purchase an interest in any of the Mercury Advisory, LLC investments or accounts described herein. Some of the data contained in this email was obtained from sources believed to be accurate but has not been independently verified. No representation is made that any investment will or is likely to achieve its objectives or that any investor will or is likely to achieve results comparable to those shown. Past performance is not indicative, and is no guarantee, of future results.