Brex reaches $7.4bn valuation

US FinTech Brex has been valued at $7.4bn. 

In Brief:

This new valuation comes after a $425mn Series D funding round. 

Brex currently offers a corporate credit card product and other money management options for businesses. 

The round was led by Tiger Global. 

What does this mean?

Brex is now planning to expand into a full finance platform, with an offering that includes spend management and bill paying facilities for SMEs. 

Read more here.