Tagged: brex

Fintech Brex Announces Closing of Securitization Transaction Out of its Commercial Charge Card Master Trust

Brex, the AI-powered spend platform for modern companies, announced the closing of its third securitization transaction out of its previously established Brex Commercial Charge Card Master Trust. The transaction included the “issuance of $260M of charge card asset-based notes rated by Kroll Bond Rating Agency.”… Read More

Uber for Business Announces Integrations with Expense Management Providers Brex and Ramp

Uber for Business, Uber’s enterprise arm, announced it has integrated with leading expense management providers Brex and Ramp. The integrations will automate receipt matching “for Uber rides and meals, which rank among the most-expensed items for employees.” This will help companies “of all sizes simplify… Read More

Spend Management Fintech Brex Introduces Tool to Streamline Work Processes, Increase Productivity

Brex, the unified global spend platform, announced the launch of Brex Assistant, a proactive assistant that simplifies expense management for employees and improves their productivity. Brex Assistant is the flagship product of Brex AI, “a suite of capabilities that transform spend management to enable unprecedented… Read More

Fintech Firm Brex Expands Travel Solution with Launch of New Features

Brex, which claims to be the first fully unified global spend platform, today launched group events — an expansion of Brex travel that “enables businesses to create and manage large scale, group corporate events for employees.” With this launch, Brex says it is “the first… Read More

Fintech Firm Brex Launches Payables, an AI-enabled Accounts Payable (AP) Solution

Brex, which claims to be the first fully unified global spend platform, launched Brex payables — an AI-enabled Accounts Payable (AP) solution, “combining enhanced bill pay capabilities and purchase cards.” Brex payables offers the controls “required by an AP team to manage procurement spend seamlessly… Read More

Fintech Firm Airwallex Scales Money Movement, Collaborates with Brex

Airwallex, a global payments and financial platform for modern businesses, today announced a partnership with Brex, a U.S.-based financial technology company, to support its global expansion. Airwallex continues to “assemble a rapidly growing ecosystem of customers and partners, validating its position as a catalyzing force… Read More

Fintech Firm Brex Taps Jason Mok to Support Next Generation of Founders

Brex, the fully unified global spend platform, announced that Jason Mok has joined Brex to support the firm’s commitment to serving startups and their founders. Coming from venture firm Andreessen Horowitz, Mok joins “at a pivotal time for startups and Brex as more founders than… Read More

Fintech Brex Announces Steady Growth with Two Product Lines at $100M of ARR

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

Fintech Brex Introduces Capabilities that Expand Firm’s Ability to Support US Multinational Businesses

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

Fintech Brex Introduces Integrated Travel Solution

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

Business Insurance Firm Vouch Pledges Support for Silicon Valley Bank

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

Brex Criticized for “Devaluation” of Reward Points, Moves Money to SVBB

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

Fintech Brex CEO Is Reportedly Planning to Secure $1B+ to Provide Loans to Firms Affected by Silicon Valley Bank Demise

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

Later-Stage Firms Are Making Larger Cuts in Spending, Early-Stage Startups Maintaining Spend Levels: Report

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

Fintech Brex, Techstars to Help Startups Accelerate Growth

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

Fintech Unicorn Brex Appoints Doug Adamic as CRO

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

Spend Management Fintech Airbase CEO Comments on Brex’s Decision to Stop Serving Small Businesses

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

Fintech Unicorn Brex Takes Cards, Spend Management Global Across 100+ Nations

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

Silicon Valley Fintech Brex Acquires Pry Financials to Expand Software Capabilities for Founders

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

Fintech Firm Brex Announces New Software Platform to Help Businesses Streamline Operations

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

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