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Brex offers corporate credit cards and an expense management solution for businesses which are issued in collaboration with Visa. It allows them to signup for the cards online and they will receive a virtual card instantly and the physical card will be delivered within 3-5 business days. The company also offers cards without personal guarantees, credit scores, social security numbers, or security deposits. Recently, Brex was selected for the 2019 Forbes Fintech 50 startups list.
PRODUCTS & SERVICES
The company offers cards for startups and e-commerce companies which come with advanced fraud protection, automatic monthly payments, and worldwide acceptance facilities. These virtual cards are provided within instant signup and the users can also choose an option of physical cards which are delivered within 3-5 business days. It also provides an expense management dashboard through which companies can add cardholders and set individual limits based on business needs and can also be integrated with major accounting software such as QuickBooks and Xero.
The company earns its revenue by charging $5 per user per month.
The company has integrations with QuickBooks®
VALUATION / MARKET CAP:
$2.6 B in 2019
The company has a valuation of $2.6 billion
DATE OF LAST FUNDING
SEED & PRIOR FUNDING
SEED CLOSED ON
SERIES A · $7 M · Apr 2017
SERIES B · $50 M · Jun 2018
SERIES C · $150 M · May 2020
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