Brex Raises $100 Million

The startup has officially raised their $100 million round, valuing the company at $2.6 billion; what’s amazing is that the company reached this valuation just one year after launching their first product; the round was led by Kleiner Perkins Digital Growth Fund and included Y Combinator Continuity Fund, Ribbit Capital and DST Global; details of the round started to hit the news last month; Brex offers corporate credit cards for younger companies and uses bank account and transaction data to determine the credit limit; the company also provides cards for e-commerce and life sciences companies; it’s clear that Brex has ambitions far beyond credit cards and serving just younger companies. Source