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.
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