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Immad Akhund
CEO & Founder of Mercury, experienced entrepreneur and software developer
Immad Akhund is the CEO and Founder of Mercury, a banking platform for startups, crypto, and e-commerce businesses.1 He has a diverse background in entrepreneurship and technology:
Professional Experience
- Mercury - Banking for Startups: Akhund founded Mercury in August 2017 and currently serves as its CEO.1
- Y Combinator: He was a part-time partner from January to December 2017.1
- Heyzap: Co-founded and served as CEO from 2008 to 2017. The company was acquired by Fyber in 2016.1
- Clickpass: Co-founded and served as CTO from 2007 to 2008.1
Education
Akhund holds a Master of Arts in Computer Science from the University of Cambridge, which he attended from 2002 to 2006.1
Personal Life
- He is married and a father of two children.2
- Akhund started his family at a relatively young age by San Francisco standards.2
Entrepreneurial Insights
Akhund is known for sharing his experiences and insights on entrepreneurship. He has emphasized the importance of:
- Choosing the right co-founders, stating that working with incompatible co-founders is a major factor in startup failures.3
- Being willing to take risks and not being afraid of failure in the startup world.5
Current Role at Mercury
Under Akhund's leadership, Mercury has:
- Raised over $160 million in funding
- Acquired more than 100,000 customers2
Akhund continues to guide Mercury through various challenges, including making difficult decisions about which countries the company can support.4
Highlights
1/ Mercury 2025 Annual Letter
@Mercury 2025 stats:
- 50% YoY growth in customers to 300k
- 59% YoY growth in transaction volume to $248bn
The theme of the year was expanding beyond startups: we saw 73% of new customers came from outside AI or tech startup category
🧵 https://t.co/AOKIHkPgJg

As of Q4 2025 Anthropic is now beating OpenAI to first spend from new startups (based on Mercury spend data).
Claude Code and Opus 4.5 has been a step change improvement and startups are the quickest to react. https://t.co/RLbZClUie1

