US FinTech Brex raises $200mn

Brex has raised $200mn debt capital.

In Brief:

• Brex offers B2B financial products such as corporate cards.

• The capital is a warehouse line of credit from Credit Suisse.

• The company previously gained a $100mn line of credit from Barclays Investment Bank.

What does this mean?

Brex will use the funding to expand its ecommerce product. The company has also hired new staff from the likes of American Express and Uber Technologies.

Read more here.