Mercury reaches $1 billion in annualized revenue, CEO says on Newcomer Podcast

Mercury has hit $1 billion in annualized revenue, up around 50% year over year, and now serves more than 450,000 customers, CEO Immad Akhund says on the Newcomer Podcast. The fintech company is also launching a payroll service. The conversation also covered AI agents spending money, startup valuations, and the post-pandemic cooldown in fintech.