U.S. fintech Brex announced on Tuesday it has acquired three startups to help enhance Brex Security, e-commerce product, and infrastructure. The acquisitions come just weeks after Brex announced the opening of its new and first-ever international office in Vancouver.
As previously reported, Brex is seeking to help startups of all sizes to instantly get a credit card that claims to have twenty times higher limits, completely automates expense management, kills receipt tracking and integrates with accounting systems.
“Brex is rebuilding B2B financial products, starting with a corporate credit card for technology companies. We help startups of all sizes (from recently incorporated to later-stage companies) to instantly get a credit card that has 20x higher limits, completely automates expense management, kills receipt tracking and magically integrates with their accounting systems.”
The three companies that Brex acquired are the following:
- Neji: A San Francisco-based startup that specializes in addressing the security and networking challenges of scaling distributed ledgers across hybrid-cloud and multi-cloud deployments
- Compose Labs: A San Francisco-based startup that powers next-generation video experiences, including the educational platform CommonLounge
- Landria: A San Francisco-based startup that organizes business SaaS tools into a single cohesive experience with unified search and navigation.
Speaking about the acquisitions, Henrique Dubugras, Co-Founder and co-CEO of Brex, went on to add:
“Brex is committed to helping growing businesses scale, especially in challenging environments. We look forward to bringing the talented team members at Neji, Compose Labs and Landria onto the Brex team.”