JC Bahr-de Stefano
Doing things such as Investing in fintech @btv_vc Running and playing footy Writing + thinking out loud
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Big fintech news: @mercury is officially launching Mercury Personal to general availability! After a limited beta that started last year (April '24), Mercury is making their product available to all. The early traction was impressive: - Beta users average $80K+ balances (vs ~$60K US average) - 50% are existing Mercury business customers - 50% are entirely new to Mercury It costs $240/year but gives users access to all of the following: - High-yield savings (5x+ national average APY) - Built-in investing via Mercury Invest - Up to $5M+ FDIC insurance - Shared access with customizable permissions - Joint accounts (up to 4 people) - Multiple physical/virtual debit cards with custom limits - Free domestic wires & ACH - Global ATM fee reimbursements - Automated savings & cash flow tools https://businesswire.com/news/home/20251……
