Brex: $7.4 billion
Brex Inc is a San Francisco, California-based financial services and technology firm. Technology firms may get business credit cards and cash management accounts from Brex. Brex cards are business charge cards that need at least $50,000 in a bank account if professionally invested, or $100,000 if not, to open, and cardholders who fail will not have their personal credit or assets negatively impacted. Brex cards are issued by Emigrant Bank.
Airbnb, Carta, and an estimated 20,000 additional users are among the companies that use the cost reporting service. A corporate credit card with travel benefits, corporate cash management accounts, and expense-tracking software are all popular options. The firm announced in February 2021 that it has submitted an application with the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions (UDFI) to form Brex Bank, a wholly-owned subsidiary of Brex.
Detailed Information:
Founded: January 3, 2017
Founders: Henrique DubugrasPedro Franceschi
Headquarters: San Francisco, CA