Mercury

We are aware of a cybersecurity attack that breached the security systems of one of our partner banks, Evolve Bank & Trust, which leaked their records, including some account numbers, deposit balances, business owner names, and emails associated with Mercury and other fintech accounts. Affected Mercury customers have been notified of the breach and the preventative steps we are taking to keep customer funds secure. Customer information can be found here: https://lnkd.in/gciV7PJ5 We are thoroughly investigating the leaked data to understand what customer information is at risk. Additionally, Mercury account credentials — including your password — were not exposed (we do not share this information). The security of our customers’ funds and personal information is our top priority. If you have any questions, please feel free to DM us or reach our customer support team at helpdesk@mercury.com.

📣 Want to give a quick shoutout to a great Mercury perk partner, Pipedrive! Pipedrive lets you track your sales pipeline, optimize leads, manage deals with AI and automate your entire sales process so you can focus on selling. Mercury users get 30 days free + 50% off for 1 year! Sign up with Mercury here https://lnkd.in/ef9pekvN to access this perk on our perks page within your Mercury account.

Founders, builders, and startup people... check out these upcoming events that Mercury is hosting: 💰 7/23 - Expert Session: Fundraising and managing VC relationships w/ the CEO of Visible VC RSVP: https://lu.ma/vm5ooevm 🚀 8/1 - Accelerator Program Managers' Forum RSVP: https://lnkd.in/ghYu8_cd 🗒 8/14 - VC Pitch Review: NYCA & OneValley Ventures RSVP: https://lu.ma/0xw6rtbt

Five early-stage fundraising mistakes — and how you can avoid them ⤵️ → Not Knowing Your Audience: Tailoring your pitch to the right investors is crucial. Make sure you research and approach those who align with your startup's vision and values. → Lack of Preparation: Investors expect you to be well-prepared. Ensure you have a solid business plan, detailed financials, and comprehensive market research to back up your pitch. → Overpromising: While it's important to be optimistic, overpromising can backfire. Stay realistic with your projections and promises to build trust and credibility with prospective investors. → Ignoring Feedback: Investor feedback is invaluable. Be open to listening, learning, and adapting your approach based on the insights and advice you receive. → Rushing the Process: Fundraising is a marathon, not a sprint. Take your time to build genuine relationships and find the right investors who are a good fit for your startup’s long-term goals. Have any fundraising tips for early-stage founders? Share them below!

Congratulations to the Reworkd (YC S23) team on their launch! We love seeing our customers grow. ✨ Check them out 👇

The startup journey is the destination.

📢 Mastering the Month-End Close: A Guide for Startups Getting your month-end close process down is key for keeping your startup’s finances in check. A good month-end close process sets the foundation for accurate accounting. A bad month-end close process means a stressful, espresso-powered sprint each month — as over 87% of accountants work overtime during the financial close. Parker Gilbert, CEO of Numeric, shares the steps involved in building out a strong process: 1. Gather Your Data: Round up all the financial info and docs you need. 2. Reconcile Everything: Make sure all accounts are accurate and fix any discrepancies. 3. Check Your Statements: Review financial statements to ensure they’re spot-on. 4. Document as You Go: Keep clear records of what you did and any issues you found. 5. Keep Improving: Always look for ways to make the process smoother and more efficient. For a deeper dive into each step, read the blog post at the link in our comments 👇

We're thrilled to announce an in-person event in San Francisco on August 1. Accelerator Program Leaders' Forum, sponsored by us here at Campground, Mercury and hosted at the The Garage at Northwestern University in SF. 🎉 Who should come? MD's, Program Managers, and Program Directors who are responsible for running entrepreneur-focused programs / accelerators. ⚡ The topic: Post-accelerator outcomes and support systems. How do program managers and MD's track those outcomes, engage with alumni, and ensure their founders succeed BEYOND the program? 📒 What's on the agenda? A short panel followed by discussion groups and mingling. Build valuable ecosystem relationships! 🤝 5 lucky program managers will be randomly selected to get free membership to our Program Manager Collective, a learning and development + community-building opportunity year-round! Sign up here: https://lu.ma/gp2j6971

Three ways we secure account access at Mercury: 1. In addition to emails and passwords, we require multi-factor authentication across all your accounts, never settling for insecure methods like SMS. 2. We require an account admin or our customer support team’s approval for any 2FA resets. 3. Users can now keep tabs on who is accessing their account through our new Company Security log. Track all sign-in activity, including the date, time, IP address, and the device used.

That's a wrap on Scaling New Heights 2024! ✨ Our team had a fantastic time meeting accountants and bookkeepers from all across the country, introducing Mercury, and learning more about how we can further simplify their operations.