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Stock impact report

Startup neobank Mercury is taking on Brex and Ramp with new bill pay, spend management software [TechCrunch]

BILL Holdings, Inc. (BILL) 
Last bill holdings, inc. earnings: 2/6 04:05 pm Check Earnings Report
Company Research Source: TechCrunch
customers and reimburse employees, the company has told TechCrunch exclusively. The additional features puts the company in even more direct competition with the likes of Brex and Ramp, two rival fintechs that have for years been fighting for market share in an increasingly crowded space The fintech, which has been offering banking services to startups and other businesses since 2019, is first expanding by offering accounting automation and more sophisticated bill pay features with new software that will be integrated with its bank accounts, executives have told TechCrunch exclusively. This summer, it will also begin offering invoicing and employee reimbursement. Mercury says that it has over 200,000 customers sending $4 billion in outgoing payments every month via its platform. “As companies get a little more sophisticated, they want to have more controls around those payments in terms of approvals and they want those payments to integrate better with their accounting system,” Show less Read more
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