Tagged: brex

June 3, 2023 @ 1:11 pm By Omar Faridi  |  

Brex, which claims to be the first fully unified global spend platform, announced significant momentum and growth of two of its products — Empower, Brex’s spend management platform, and Brex business accounts — which “have each achieved $100M in ARR.” In the year since its… Read More

May 6, 2023 @ 10:25 am By Omar Faridi  |  

Brex announced new global capabilities that significantly expand its ability to support US multinational businesses operating in Brazil, Canada, Israel, Japan, Mexico, Singapore, South Africa, the Philippines, 36 European countries, and more. In addition to spending and paying in local currencies, Brex is “launching VAT… Read More

March 28, 2023 @ 9:59 pm By Omar Faridi  |  

Brex recently announced Brex travel, a premium travel management experience that delivers comprehensive booking and management capabilities, all in the Brex dashboard and mobile app, “with unbiased global inventory, self-service trip changes, and 24/7 agent support.” With the addition of travel, Brex is “extending Empower… Read More

March 17, 2023 @ 11:11 am By Omar Faridi  |  

Vouch reportedly joins peers like Fintech Unicorn Brex in order to support Silicon Valley Bank (SVB) and “reinforce the startup ecosystem’s health and stability.” In an effort to ensure the ongoing health and stability of the startup ecosystem, Vouch announces its commitment “to continue working… Read More

March 15, 2023 @ 7:30 pm By JD Alois  |  

Brex, a neobank providing various services for businesses to manage  their finances, has taken some heat today as Kenneth Ballenegger hammered the platform on Twitter for announcing a “massive devaluation with zero notice period of their rewards points.” Ballenegger, formerly of Republic/AngelList, is a VC… Read More

March 15, 2023 @ 7:17 am By Omar Faridi  |  

A Fintech firm’s Chief Executive Officer is reportedly attempting to secure over $1 billion in order to fund bridge loans for startups that have been affected by the spectacular collapse of Silicon Valley Bank (SVB). Fintech Unicorn Brex CEO Henrique Dubugras recently revealed that he’s… Read More

February 13, 2023 @ 2:47 pm By Omar Faridi  |  

Brex has released Brex Startup Review — a comprehensive data report that “looks back at the startup and macro trends of 2022 and what they may indicate for 2023.” The report delivereod several key findings, including: Later-stage companies are making larger cuts in spending overall,… Read More

November 10, 2022 @ 8:35 am By Omar Faridi  |  

Brex announced its partnership with Techstars, a global investment business that provides access to capital, one-on-one mentorship, and customized programming for early-stage entrepreneurs. As part of the partnership, Brex has “joined Techstars’ global network of partners and will offer aspiring founders and early stage entrepreneurs… Read More

August 4, 2022 @ 9:40 pm By Omar Faridi  |  

Brex, the company “reimagining finance” for growing businesses, recently announced the appointment of Doug Adamic as its Chief Revenue Officer. Doug will “lead revenue and growth strategy for Brex as the company expands into financial software with Brex Empower and grows its global offerings for… Read More

June 20, 2022 @ 11:26 pm By Omar Faridi  |  

Spend management Fintech Airbase founder and CEO Thejo Kote recently commented on the latest development from Fintech firm Brex. Brex recently announced that they are going “to close all the accounts of small businesses to focus on enterprises and subscription revenue.” As noted by Thejo… Read More

May 13, 2022 @ 7:50 am By Omar Faridi  |  

Brex, the firm that is “reimagining” finance for growing businesses, recently announced it is expanding Brex Empower to serve employees from US-based companies in over 100 countries “across card, spend management, and reimbursements.” Brex Empower — a new software platform designed to enable businesses to… Read More

April 23, 2022 @ 2:47 pm By Omar Faridi  |  

Brex, the Fintech firm that is focused on reimagining finance for growing businesses, has  announced its acquisition of Pry Financials, which is a software platform “with tools designed to enable budgeting, bookkeeping and forecasting, for $90 million.” As mentioned in the update, cash flow forecasting… Read More

April 14, 2022 @ 2:35 pm By Omar Faridi  |  

Brex, the firm that’s focused on reimagining finance for growing businesses, announced Brex Empower, a new software platform designed “to increase the speed of businesses by enabling a culture of trust and financial discipline.” Empower will serve as the foundation for all Brex products “moving… Read More

March 25, 2022 @ 9:02 am By Tony Zerucha  |  

U.S. Fintech company Brex has provided $10 million in growth capital via venture debt to Zesty.ai, a provider of predictive data analytics in the climate risk space. The financing will help Zesty.ai expand into use cases beyond insurance, including lending. Zesty.ai uses AI to deliver real-time assessments… Read More

January 26, 2022 @ 4:18 pm By Omar Faridi  |  

Silicon Valley Fintech Unicorn Brex and 1Password have teamed up to make online payments secure and a lot less frictionless. As mentioned in the announcement, 1Password clients may now use Brex virtual credit cards to “check out online with just two clicks.” Brex is a… Read More

January 11, 2022 @ 9:26 am By JD Alois  |  

Fintech Brex has confirmed the $300 million funding as part of a Series D-2 round led by Greenoaks Capital and Technology Crossover Ventures (TCV). It was reported in October 2021 that Brex had raised $300 million as part of the Series D and the company… Read More

January 2, 2022 @ 9:46 pm By Omar Faridi  |  

Like any industry, venture capitalism is “a shifting landscape with ebbs and flows, though to be fair, it hasn’t really ‘ebbed’ lately,” according to a blog post by US Fintech Unicorn Brex. The VC industry has seen tremendous growth during the past few years—one that’s… Read More

November 4, 2021 @ 10:14 am By Omar Faridi  |  

Brex, the Fintech Unicorn that is focused on reimagining finance for growing businesses, announced that Thasunda Brown Duckett has been appointed to the Brex Board of Directors “effective January 1, 2022.” Duckett, an experienced and forward-thinking financial services leader with valuable corporate governance experience, will… Read More

October 25, 2021 @ 7:40 am By Omar Faridi  |  

Corporate credit card Fintech Brex has reportedly seen its valuation surge to $12.3 billion after securing an additional $300 million in capital. No formal announcement has been made about Brex’s latest investment round, however, a term sheet has reportedly been finalized on the raise, according… Read More

August 27, 2021 @ 7:50 am By Omar Faridi  |  

US-based Fintech Unicorn Brex, the all-in-one or comprehensive finance solution for growing businesses, has introduced Brex Venture Debt, a newly-developed product that gives certain clients access to debt financing. Brex currently provides credit cards, cash management accounts, spend management, and bill pay software together via… Read More