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.

Sign up for our Newsletters

Every morning the LendIt Fintech News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!