In March, Silicon Valley Bank collapsed, sparking a wave across the banking world and left startups and investors scrambling to find a new place to invest their money.
Four players in the banking industry spoke on TechCrunch Disrupt Fintech Stage, discussing how they are filling the gap left by that version of SVB and what they are doing to offer startups and investors new alternatives in a post-SVB world.
On the panel were: ''I don't think '' we're going to be able to find a cure for the disease.
Both were inundated by phone calls from concerned startups trying to find a new home for their money.
In a short period, Mercury saw $2 billion and 3,000 customers come its way, which grew from there, Mr. Akhund said. In Piermont, it was all about a frenzy of just opening accounts. Fortunately, since Piermont was there, it made sense for him to have lived a long time.
''It's just so much room to improve banking. Banks should be amazing. We launch things every week. It's just a different view on banking? We just started four-and-a-half years ago, and we've gone from zero to having a significant share of startups. Mercury Raise, a free suite of tools, programs and networks for founders looking to raise capital, was also released today.
Typically, s usually when your financing needs also have come to grow and scale. The most important factor in choosing a banking partner is safety and stability.