Brex
 | This article, Brex, has recently been created via the Articles for creation process. Please check to see if the reviewer has accidentally left this template after accepting the draft and take appropriate action as necessary.
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Comment: Credible sources only confirm about startup raising 50 million dollars. That is not enough as per WP:CORPDEPTH. Hitro talk 14:01, 25 July 2018 (UTC)
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| Brex | |
| Company type | Privately held company |
| Founded | January 3, 2018 |
| Headquarters | San Francisco, CA |
| Website | brex |
Brex is a credit card company that issues corporate credit cards to technology companies in the United States.
History
Brazilian entrepreneurs Henrique Dubugras and Pedro Franceschi founded the company in 2017. They founded their first company, Pagar.me, in Brazil when they were teenagers.[1] In January 2017, Brex received seed funding from Y Combinator, a start-up accelerator.[2] Brex has raised over $57M also received investment from Peter Thiel, Max Levchin, Ribbit Capital and Yuri Milner.[3] In October 2018 Brex raised an additional $125M of capital and became a financial unicorn announcing its Series C capital raise led by investors including Greenoaks, DST Global and IVP[4].
Services
Brex offers corporate credit cards, a type of business credit card, to early stage technology companies[5]. Its cards are issued on the Visa network. Brex offers charge cards, and their balance needs to be paid after each statement period[6].
References
- ^ "I Am Living Proof Of The American Dream: With Henrique Dubugras Co-founder of Brex". Authority Magazine. 2018-07-11. Retrieved 2018-07-11.
- ^ Kauflin, Jeff. "New Credit Card Startup Lands $50 Million From PayPal Mafia And Other Investors". Forbes. Retrieved 2018-08-01.
- ^ "Meet Y Combinator's Favorite Credit Card Startup—Which Just Raised $50M from PayPal Founders". Fortune. Retrieved 2018-06-20.
- ^ Rudegeair, Peter (2018-10-05). "The College Dropouts Who Rode Credit Cards Into The Billion-Dollar Startup Club". Wall Street Journal. ISSN 0099-9660. Retrieved 2018-10-08.
- ^ "Brex Small Business Card: If Square Could Work, Is There Potential Here?". PaymentsJournal. 2018-06-19. Retrieved 2018-08-01.
- ^ "Brex picks up $57M to build an easy credit card for startups – TechCrunch". techcrunch.com. Retrieved 2018-06-20.
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