12 December 2019
Written By FinTech Alliance in Business Financial Management
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.
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.
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This decision aligns with the bank’s focus on digital transformation and improving online transaction processes for merchants.
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The decision, reportedly under discussion with the UK government, aligns with the UK’s efforts to attract global tech firms
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