Brex
Financials
Estimates*
USD | 2022 | 2023 |
---|---|---|
Revenues | 211m | 279m |
% growth | - | 32 % |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$120k | Seed | ||
$7.0m | Series A | ||
$50.0m | Series B | ||
* | $106m Valuation: $1.0b | Series C | |
$100m | Debt | ||
* | $100m Valuation: $2.6b | Series C | |
N/A | Series C | ||
N/A | N/A | - | |
* | $150m Valuation: $2.6b | Series C | |
* | N/A | N/A | - |
$425m Valuation: $7.4b | Series D | ||
* | $300m Valuation: $12.3b | Series D | |
* | N/A | Early VC | |
* | N/A | $260m | Debt |
Total Funding | CAD1.6b |
Related Content
Recent News about Brex
EditBrex is a financial technology company that offers a range of financial services tailored primarily for startups, small to medium-sized businesses, and larger enterprises. The company operates in the financial services market, focusing on providing innovative solutions to help businesses manage their finances more efficiently.
Brex's core offerings include corporate credit cards, cash management accounts, and expense management tools. Unlike traditional banks, Brex offers a more streamlined and tech-savvy approach to business finance. Their corporate credit cards come with higher credit limits and no personal guarantees, making them particularly attractive to startups and growing companies that may not have an extensive credit history.
The company serves a diverse clientele, including technology startups, e-commerce businesses, and professional services firms. Brex's business model revolves around providing these clients with financial products that are easy to use and integrate seamlessly with other business tools. This integration helps businesses manage their expenses, track spending, and optimize cash flow more effectively.
Brex makes money primarily through interchange fees, which are small fees paid by merchants whenever a Brex card is used for a transaction. Additionally, the company may earn revenue from interest on cash management accounts and other financial services they offer.
In summary, Brex is revolutionizing the way businesses handle their finances by offering modern, tech-driven financial solutions. Their focus on startups and growing companies sets them apart in the competitive financial services market.
Keywords: fintech, corporate credit cards, cash management, expense management, startups, small businesses, financial services, tech-driven, high credit limits, seamless integration.