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 [email protected].

📢 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.

Hack Weeks at Mercury 🌟 Each quarter, we set aside one week for team members to explore and work on ideas outside of their team’s roadmap. Impressive progress can be made in just a week, and hack days are a great way for teams to explore things that they wouldn’t normally do. Our Q1 Hack Week wrapped up with over 20 projects, many of which are currently in production. Out of the 20, two teams were awarded custom letterman jackets for having the top voted projects. Scroll to see one of our favorite hackday projects from 2021 — a custom, virtual version of Deals, our favorite game!

The Climate Capital Summit is back! 🌱 The Summit is an invite-only gathering of the industry's top capital allocators, executives, innovators and policymakers, and we're incredibly excited to host it alongside Equal Ventures and Fenwick & West. Learn more 👇

Sum up the life of a founder in three words 🤔

Another day at Scaling New Heights and what a great day it was.🤍💜 We had so much fun talking about Mercury, sharing what we’ve recently launched and what we’re working on next! If you missed us today, stop by booth 17 tomorrow. 🙌🏻 #ScalingNewHeights #SNH24

✅ Crossing this feature off our to-do list. You can now take action on all your Mercury to-dos from one place — your new Tasks page. It might notify you to approve a payment or upload a receipt (coming soon), depending on your role. And yes, the Action Bar is now the Updates Menu, where you’ll still see exciting feature upgrades and account updates.