Many AI founders now find it necessary to raise at valuations requiring absolute domination of the field; Brex, once valued at $12B, shows the downsides of this
Capital One just announced it's acquiring Brex for $5.15 billion. An incredible, top .1% “exit” in less than 10 years …
Many AI founders now find it necessary to raise at valuations requiring absolute domination of the field; Brex, once valued at $12B, shows the downsides of this
Capital One just announced it's acquiring Brex for $5.15 billion. An incredible, top .1% “exit” in less than 10 years …
Advertising company Outfront, whose clients include Mercury, Brex, Klarna, and Venmo, says fintech ad spend is up 45%+ YoY on average over the past three years
Teresa Xie / Bloomberg :
Klarna's planned H1 2025 US IPO could presage an uptick in IPOs by fintechs like Trustly, Chime, Zilch, Plaid, Revolut, Zopa, Brex, and Ramp after a slow period
Bloomberg : LinkedIn: Brennin Kroog LinkedIn: Brennin Kroog : Very insightful article from Anna Irrera at Bloomberg that I was able to contribute to regarding the state of the FinTech landscape again...
Internal Brex data: Q3 annualized net revenue hit $283M, up 1% QoQ, and the company is far from profitable, as the growth spurt after SVB's collapse trails away
Mark Matousek / The Information : Bluesky: @caseynewton.bsky.social . X: @coryweinberg Bluesky: Casey Newton / @caseynewton.bsky.social : I wonder if looking back Brex would still decide to stop serv...
Brex, which offers online financial tools for SMBs, raises a $300M Series D-2 at a $12.3B valuation, bringing its total funding to $1.2B
In the latest fintech megaround, Brex has confirmed that it has raised $300 million in a Series D-2 round that ups its valuation to $12.3 billion.
Sources: Brex, which offers credit cards tailored to startups, raises $300M at a $12.3B valuation, following a $425M Series D at a $7.4B valuation in April
Mary Ann Azevedo / TechCrunch :
Brex, which offers credit cards tailored to startups, raises $425M Series D led by Tiger Global at a $7.4B valuation, more than double its mid-2020 valuation
Mere weeks after rival corporate spend startup Ramp announced that it raised a two-part round worth $115 million at a $1.6 billion valuation …
Sources: Ramp, a Brex rival offering corporate cards and tools to manage staff expenses, is close to raising two rounds, one led by Stripe valuing it at $1.6B
The Information :
Brex, which offers a credit card tailored to startups, raises $150M in a Series C extension
Fast-growing fintech behemoth Brex is raising big money as its customer base itself — high-growth and spendy startups — is struggling. — The company, which sells a credit card tailored for startups ...