Tagged: henrique dubugras

US Fintech Unicorn Brex Introduces Venture Debt, a Product Providing Access to Debt Financing

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

Fintech Brex Purchases Israeli API Platfrom Weav

Brex, a Fintech providing solutions for both big and small businesses, has acquired Weav, an Israel-based API platform for commerce sites. Brex has purchased Weav for $50 million, according to the company. The purchase is expected to help Brex expand its services globally by establishing… Read More

Fintech Brex Raises $425 Million Series D, Now Valued at Over $7.4 Billion

Financial management platform for businesses Brex has closed on a $425 million Series D funding round led by Tiger Global. This funding now brings Brex’s valuation to over $7.4 billion according to a statement by the company. Additional investors include new backers TCV, GIC, Baillie… Read More

Silicon Valley Fintech Unicorn Brex’s Co-Founder Says Startup Space Is Booming Again in Post COVID Environment

Henrique Dubugras, Co-Founder at Brex, a Silicon Valley-based Fintech Unicorn, recently noted that companies were forced to cut many jobs and were also more focused on retaining customers following the COVID-19 outbreak earlier this year. Dubugras now claims that the startup space is booming once… Read More

Silicon Valley Fintech Unicorn Brex Lays Off 62 Workers, Will “Restructure” Operations After Recently Raising $150 Million

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

San Francisco based B2B Financial Products Developer Brex Secures $150 Million in Capital from DST, Lone Pine Capital, Others

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

Stealth Bank: Fintech Brex Announces Brex Cash as Bank Account Replacement

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

Based in San Francisco, Fintech Brex is Latest Company to Expand in Utah

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

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