Brex is a corporate card powered by modern software. Startups can get instant approval on corporate cards that offer high limits and don’t require any kind of personal guarantee.
Brex valued at $2.6B with new cash from Kleiner PerkinsReports published late last month indicated Brex, the fast-growing fintech startup, was raising yet another round. Today, the San Francisco-based company is confirming it's closed on $100 million in Series C-2 funding at a valuation of $2.6 billion.
Less than 1 year after launching its corporate card for startups, Brex eyes $2B valuationKleiner Perkins is leading a new round for Brex Brex, the fintech business that's taken the startup world by storm with its sought after corporate card tailored for entrepreneurs, is raising millions in Series D funding less than a year after it launched, TechCrunch has learned.
Brex, the credit card for startups, raises $100M debt roundBrex, widely known for its billboards littered across San Francisco, has secured a $100 million debt financing from Barclays Investment Bank . The company, which provides a corporate credit card designed specifically for startups, has previously raised $215 million in equity funding at a $1.1 billion valuation in the less than two years since it graduated from the Y Combinator startup accelerator.
Brex picks up $57M to build an easy credit card for startupsWhile Henrique Dubugras and Pedro Franceschi were giving up on their augmented reality startup inside Y Combinator and figuring out what to do next, they saw their batch mates struggling to get even the most basic corporate credit cards - and in a lot of cases, having to guarantee those cards themselves.
Would you recommend this product?