Английская Википедия:Brex
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Brex Inc. is an American financial service and technology company that offers business credit cards and cash management accounts to technology companies.[1] Brex cards are business charge cards, which require at least $50,000 in a bank account if professionally invested, if not with $100,000 to open, and cardholders who default won't damage their personal credit or assets.[2] Emigrant Bank issues the Brex cards.[3]
History
Brex was founded by Brazilian entrepreneurs Henrique Dubugras and Pedro Franceschi on January 3, 2017. They had previously founded an online payments company, Pagar.me, before selling it to Stone.[4][5][6]
Brex did not start as a fintech startup but rather as a VR startup, however the founders pivoted the company three weeks into Y Combinator's 12-week accelerator program.[7]
In February 2021, the company announced a submission application with the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions (UDFI) to establish an industrial bank named Brex Bank, a wholly-owned subsidiary of Brex. According to TechCrunch, the subsidiary appointed a former Silicon Valley Bank (SVB) executive as CEO.[3]
In April 2022, Brex launched Brex Empower, a financial software platform to help people comply with their employers' expense policies.[8] In June 2022, Brex exited the small and midsize businesses (SMB) market, shifting the company's focus to serving enterprise customers.[9] In August 2022, Brex named Doug Adamic as the company's new Chief Revenue Officer.[10]
According to CNBC, Brex received billions of dollars in deposits from SVB customers on March 9, 2023—a day prior to SVB's collapse.[11]
In January 2024, Brex announced that it was laying off 300 of its employees, or roughly 20% of its workforce. The company cited slowing growth as a reason for the decision.
Growth
Brex Inc. is backed by Peter Thiel, Ribbit Capital, Y Combinator, DST Global, Kleiner Perkins, Lone Pine Capital, and Greenoaks.[12][13][14][15][16][3]
Date | Funding Round | Money Raised | Pre-Money Valuation |
---|---|---|---|
Mar 20, 2017 | Pre Seed Round | $120k | N/A |
Apr 1, 2017 | Series A | $7M | N/A |
Jun 19, 2018 | Series B | $50M | N/A |
Oct 5, 2018 | Series C | $125M | $975M |
Apr 16, 2019 | Debt Financing | $100M | N/A |
Jun 11, 2019 | Series C | $100M | $2.5B |
Dec 11, 2019 | Debt Financing | $200M | N/A |
May 19, 2020 | Series C | $150M | $2.9B |
Apr 26, 2021 | Series D | $425M | $7.4B |
References
- ↑ Шаблон:Cite web
- ↑ Шаблон:Cite web
- ↑ 3,0 3,1 3,2 Шаблон:Cite news
- ↑ Шаблон:Cite web
- ↑ Шаблон:Cite web
- ↑ Шаблон:Cite web
- ↑ Шаблон:Cite news
- ↑ Шаблон:Cite web
- ↑ Шаблон:Cite web
- ↑ Шаблон:Cite web
- ↑ Шаблон:Cite web
- ↑ Шаблон:Cite web
- ↑ Шаблон:Cite news
- ↑ Шаблон:Cite news
- ↑ Шаблон:Cite web
- ↑ Шаблон:Cite web
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