Immad Akhund on Building Mercury, AI Agents & Taking On Big Banks

Mercury has reached $1 billion in annualized revenue, marking a 50% growth driven largely by the surge in AI-enabled entrepreneurship. CEO Immad Akhund details the company's transition toward a full bank charter, which will enable greater regulatory control and expanded services like Zelle and advanced lending. A core focus is the integration of AI agents, specifically the "Command" tool, which automates complex financial tasks—such as bulk payments and expense categorization—while preserving human-in-the-loop security protocols. Despite a competitive landscape and high valuations for early-stage ventures, Mercury continues to prioritize building a robust, integrated platform that simplifies business operations. By leveraging AI to enhance engineering productivity and customer support, the company aims to provide a seamless, scalable infrastructure that evolves alongside the businesses it serves.