Brex‘s New Round Will Value the Startup at $2bn

Fintech startup Brex is in discussions to raise a fresh round of capital that will value the company at $2bn only a year after initially launching; the company is raising capital from existing and new investors, though Brex CEO Henrique Dubugras declined to comment when asked; TechCrunch reports Kleiner Perkins is leading the round; Brex offers entrepreneurs a corporate card without a guarantee or deposit, a high credit limit, consolidated look at spending and innovative technology; the company has already raised $182mn in capital and was most recently valued at $1.1bn in October 2018. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.