Brex

Expensify CEO David Barrett discusses going public and why expense management is a $1T opportunity

"I think what is really driving this, honestly, is just liquidity for our early shareholders. We haven't raised money in so long that our VCs basically just need liquidity."

Airbase announces free tier, plans to return nearly all interchange revenue to its customers

A good thing about technology products is that they can make a particular type of service cheaper over time. We're seeing the phenomenon play out in the corporate spend market.

Another month, another billion dollars in value appreciation

Hello, and welcome to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. And have a good time. This week Mary Ann and Natasha and Alex (along

Brex just signed a term sheet for $300M at a $12.3B valuation

Fast-growing fintech Brex has raised $300 million in funding that propels it to decacorn status, just six months after it was valued at $7.4 billion, according to people familiar with the deal. The so

Fintech founders can learn a lesson about frugality from these industry leaders

Venture-backed fintechs raised a record $30.8 billion in the second quarter of this year, up 30% over the same quarter last year. But how are fintech founders spending it all?

Airbase adds spend support for international subsidiaries

Airbase, a corporate spend management startup, announced this morning that it now supports subsidiaries in different countries for U.S.-based businesses. As more companies lean into remote work, and a

Extra Crunch roundup: Pre-pitch tactics, Warby Parker S-1, Israel’s fintech ecosystem

Forget what you've heard: There are *many* shortcuts to success.

The pure hell of managing your JPEGs

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Natasha and Alex and Grace and Chris were joined by none othe

Ramp and Brex draw diverging market plans with M&A strategies

From a high level, all of the recent deal-making in corporate cards and spend management shows that it’s not enough to just help companies track what employees are expensing these days.

Brex buys Weav, a universal API for commerce platforms, for $50M

Fintech Brex first partnered with Weav, a developer of a universal API for commerce platforms, last summer. In March, Brex launched Instant Payouts for Shopify sellers using the startup’s technology

This $250 million growth fund will divert half its profits to historically Black colleges and universities

There’s been a lot of talk about racial equality in the year since George Floyd was murdered in Minneapolis, but achieving it is far easier said than done given the current state of affairs. Con

LatAm-focused corporate spend startup Clara raises $30M months after its last round

This morning Clara announced that it closed a new, $30 million funding round and secured a $50 million revolving debt facility. The startup, which provides corporate cards to Mexican companies, raised

Why did Bill.com pay $2.5B for Divvy?

Let's unpack the deal to gain a better understanding of the huge exit and the value of Divvy's richly funded competitors.

Brex, Ramp tout their view of the future as Divvy is said to consider a sale to Bill.com

Earlier today recent dog-parent Alex Konrad and fellow Forbes staffer Eliza Haverstock broke the news that Divvy, a Utah-based corporate spend unicorn, is considering selling itself to Bill.com for a

The second shot is kicking in

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. First and foremost, Equity was nominated for a Webby for “Best Te

How Brex more than doubled its valuation in a year

Brex, a fintech company that provides corporate cards and spend-management software to businesses, announced earlier today that it closed a $425 million Series D round of capital at a valuation of aro

Weav raises $4.3M to knit together a universal API for commerce platforms

Weav, which is building a universal API for commerce platforms, is emerging from stealth today with $4.3 million in funding from a bevy of investors, and a partnership with Brex. Founded last year by

Brex raises $425M at a $7.4B valuation, as the corporate spend war rages on

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, this morning Brex disclosed a $425 million Series D led by

Ramp looks to raise more capital as the corporate-spend market mints unicorns

Earlier this year Divvy, a Utah-based software company that provides corporate spend management software, raised a $165 million round at a $1.6 billion valuation. It followed its competitor Brex to un

Brex applies for bank charter, taps former Silicon Valley Bank exec as CEO of Brex Bank

Brex is the latest fintech to apply for a bank charter. The fast-growing company, which sells a credit card tailored for startups with Emigrant Bank currently acting as the issuer, announced Friday th
Load More