Many African Startups feel betrayed by their main banking partner in the U.S.
Two nights ago while having dinner with some representatives of a potential client, I received a “Moe there’s a problem with Mercury. Emergency.” text from our accountant.
I immediately excused myself from the table to make a call. The dinner was to be paid by the company using the Mercury corporate card I had and by a quick scan on our order, I knew I did not have enough funds on any one card to cover the cost of dinner.
In addition to being payroll day, we also had multiple financial obligations. I was stressed and felt a sharp pain in my stomach. Like many people, anxiety shows up in my gut first.
I checked my emails and saw this
Hello,
Your account has been placed under review by our compliance team; as a result, access to your account has been restricted.
We can’t provide further details at this time, but we will let you know once our review is complete.
The Mercury Team
