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Why Software Is Eating The Banks | Mercury CEO Immad Akhund, Then Lead Bank CEO Jackie Reses

Newcomer Podcast

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Transforming into a FinTech Bank with Strategic Acquisitions

The chapter chronicles the journey of a company transitioning into a FinTech bank through strategic acquisitions, emphasizing the importance of finding the right charter, employees, and location. It highlights the integration of experienced engineers from prominent companies, leading to exceptional product-market fit without relying on sales or marketing. The chapter also discusses the company's core focus areas and decision to prioritize product enhancement over acquisition due to current size.

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