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Thoughts on Brex vs. Mercury and SVB
Hello everyone. I would love to hear about your experience with Brex and/or Mercury when it comes to startup banking. From what I understand, Brex requires a minimum deposit of $50K and is currently focusing on venture-backed startups, whereas Mercury has no minimum deposit requirement and is happy to work with earlier stage tech startups. Finally, following the acquisition of SVB, are you as startup founders still banking with them? If so, has the acquisition changed anything from your point of view? Many thanks in advance.
- tikkun 4y agoMercury user here, very happy with them for their banking. Mercury debit cards don't seem good though, the limit is much lower than what is useful for me. Haven't used Brex or SVB.
- Basheers 4y agoHi, many thanks for your feedback. Yes, I'm also leaning towards Mercury for the time being.