Brex introduces the first corporate card for ecommerce. Brands with more than $50,000 in sales per month get interest-free net-60 terms with instant approval and 24/7 fraud monitoring.
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The Future Is Plastic: Fintech Unicorn Brex Launches New Credit Card For E-Commerce MerchantsBrex, a San Francisco credit card startup that reached a valuation of $1.1 billion late last year, 22 months after its founding, is launching its second product, a physical credit card for e-commerce companies. Its first card, targeted to venture-backed tech startups, has attracted more than 3,000 customers by providing higher spending limits and simplifying the application process.
By Start-up for Start-ups: Brex Creates First E-commerce CardBrex launched its first corporate credit card for e-commerce start-ups. Based in San Francisco and cofounded by engineers Henrique Dubugras and Pedro Franceschi in 2017, Brex is "one of the fastest-growing B2B start-ups." It offers financial services to start-ups and is powered by proprietary software technology.