Tagged: brex

May 30, 2020 @ 6:00 pm By Omar Faridi  |  

San Francisco-based Brex, a company focused on developing B2B financial products, recently acquired $150 million in capital, in order to further strengthen its existing balance sheet and help it maintain operations during the COVID-19 outbreak. Now, the company has announced (on May 29) that it… Read More

May 20, 2020 @ 7:46 am By Omar Faridi  |  

San Francisco-based Brex, a company focused on developing B2B financial products, has secured $150 million in capital from DST, Lone Pine Capital, and several other investors. Brex offers a corporate credit card for technology firms. The financial services firm helps startups of all sizes (from… Read More

March 24, 2020 @ 11:39 am By Samantha Hurst  |  

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… Read More

March 4, 2020 @ 11:55 am By Samantha Hurst  |  

U.S. fintech Brex announced on Wednesday the opening of its new office in Vancouver. The company reported that the location is its first-ever international office and will staff around 40 employees. The initial focus of the location will be software engineering and customer experience functions…. Read More

December 11, 2019 @ 3:03 pm By Samantha Hurst  |  

U.S. fintech Brex announced on Wednesday it secured $200 million through its latest debt capital raise to continue the rapid expansion of its e-commerce product. The capital reportedly comes in the form of a warehouse line of credit from Credit Suisse, backed by Brex’s corporate… Read More

October 3, 2019 @ 12:48 pm By JD Alois  |  

Backed by big-name investors like Max Levchin and Peter Thiel, Brex is another Fintech that qualifies as a stealth bank as it is providing banking services but is not really a bank.  This week, Brex announced, “Brex Cash”  a business bank account feature that is… Read More

September 13, 2019 @ 10:46 am By JD Alois  |  

San Francisco Losing Fintech Lustre The Utah Governor’s Office of Economic Development (GOED) has announced that Fintech Brex will open its new location in the Salt Lake Valley. The new office is said to create up to 1,000 new jobs over the next seven years…. Read More

June 19, 2019 @ 9:51 am By Samantha Hurst  |  

Science Exchange, a technology platform that is used by research organizations to order and manage outsourced R&D services, announced a strategic partnership with U.S. fintech, Brex. According to Science Exchange, the new partnership will see Brex offer biotech incentives. While sharing more details about the… Read More

June 11, 2019 @ 11:39 am By Samantha Hurst  |  

U.S. fintech Brex announced on Tuesday it secured $100 million through its latest investment round, which was led by Kleiner Perkins Digital Growth Fund. This round of investment comes just a couple of months after Brex received $100 million debt capital investment from Barclays Investment… Read More

April 16, 2019 @ 1:08 pm By Samantha Hurst  |  

U.S. fintech Brex announced on Tuesday it secured $100 million debt capital investment from Barclays Investment Bank to help power the next phase of its growth. According to Brex, the capital comes in the form of a warehouse line of credit, which is backed by… Read More

February 28, 2019 @ 9:50 pm By Samantha Hurst  |  

U.S. fintech Brex announced on Thursday the launch of its new corporate card specifically for e-commerce. As previously reported, Brex is on a mission to rebuild B2B financial products, starting with a corporate credit card for technology companies. “We help startups of all sizes (from… Read More

October 5, 2018 @ 3:00 pm By Samantha Hurst  |  

Brex, a U.S.-based fintech that’s focused on creating corporate cards for startups, announced on Friday it secured $125 million through its Series C funding round, which was led by Greenoaks Capital and DST Global. Along with the investment, Brex customers are now able to sign up… Read More

June 19, 2018 @ 9:17 am By Samantha Hurst  |  

On Tuesday, U.S. fintech Brex announced the launch of its new corporate card that’s specifically designed to help startups qualify based on funding rather than credit history. This news comes just after Brex completed its Series B funding round, bringing its total funding to $57… Read More