{"id":228393,"date":"2026-06-09T04:07:00","date_gmt":"2026-06-09T08:07:00","guid":{"rendered":"https:\/\/testing.news-you-need.com\/index.php\/2026\/06\/09\/mercury-ceo-says-ai-is-breaking-the-old-startup-model\/"},"modified":"2026-06-09T04:10:12","modified_gmt":"2026-06-09T08:10:12","slug":"mercury-ceo-says-ai-is-breaking-the-old-startup-model","status":"publish","type":"post","link":"https:\/\/testing.news-you-need.com\/index.php\/2026\/06\/09\/mercury-ceo-says-ai-is-breaking-the-old-startup-model\/","title":{"rendered":"Mercury CEO Says AI Is Breaking the Old Startup Model"},"content":{"rendered":"<p><a href=\"https:\/\/www.pymnts.com\/artificial-intelligence-2\/2026\/mercury-ceo-says-ai-is-breaking-the-old-startup-model\/\">Mercury CEO Says AI Is Breaking the Old Startup Model<\/a><\/p>\n<p><a href=\"https:\/\/www.pymnts.com\/artificial-intelligence-2\/2026\/mercury-ceo-says-ai-is-breaking-the-old-startup-model\/\">https:\/\/www.pymnts.com\/artificial-intelligence-2\/2026\/mercury-ceo-says-ai-is-breaking-the-old-startup-model\/<\/a><\/p>\n<p>Publish Date: <a href=\"publish_date]\">2026-06-09 04:07:00<\/a><\/p>\n<p>Source Domain: <a href=\"www.pymnts.com\">www.pymnts.com<\/a><\/p>\n<ul>\n<li>The rapid advancements in artificial intelligence (AI) are lowering the cost of starting businesses, leading to an accelerated pace of business formation and a growing demand for banking services built around software rather than traditional branch networks.<\/li>\n<li>Mercury, an alternative banking platform, recently secured $200 million in Series D funding, valued the company at $5.2 billion, and received approval to establish Mercury Bank, demonstrating the shift towards more tech-driven financial services for entrepreneurs.<\/li>\n<li>Mercury&#8217;s customer base has expanded from mainly venture-backed startups to encompass eCommerce, professional services, and digitally native businesses, serving over 300,000 customers and experiencing a significant rise in applications.<\/li>\n<li>The company positions itself as an \u2018anti-legacy bank,\u2019 offering a comprehensive suite of financial services beyond basic accounts, including business banking, payments, and AI-powered financial analysis.<\/li>\n<li>Akhund emphasizes the importance of direct relationships between FinTechs and partner banks, following the lessons from past intermediary issues, and the necessity for a direct regulatory relationship as the company scales.<\/li>\n<li>Artificial intelligence is a key focus for Mercury, aiming to integrate AI features into both technical business operations and their banking services, while cautiously managing AI\u2019s role to ensure user approval in financial actions.<\/li>\n<\/ul>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mercury CEO Says AI Is Breaking the Old Startup Model https:\/\/www.pymnts.com\/artificial-intelligence-2\/2026\/mercury-ceo-says-ai-is-breaking-the-old-startup-model\/ Publish Date: 2026-06-09 04:07:00&#8230;<\/p>\n","protected":false},"author":1,"featured_media":228395,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.pymnts.com\/wp-content\/uploads\/2026\/06\/CORRECTED-Need-to-Know-Main-Feature-Mercury-Immad-Akhund-1.png","fifu_image_alt":"","footnotes":""},"categories":[14],"tags":[20],"class_list":["post-228393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence","tag-artificial-intelligence"],"_links":{"self":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/228393"}],"collection":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=228393"}],"version-history":[{"count":1,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/228393\/revisions"}],"predecessor-version":[{"id":228397,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/228393\/revisions\/228397"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/228395"}],"wp:attachment":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=228393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=228393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=228393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}