Venture Capital

Brex Raises Mega-round, Doubles Down On Finance Management

by posted 4months ago 44 views
Summary List PlacementThe corporate credit card provider has scooped up a $425 million Series D funding round led by Tiger Global, per TechCrunch. The round gives Brex a $7.4 billion valuation—up from $3 billion in 2020 when it raised a $150 million Series C round. Brex offers small businesses access to a corporate credit card, alongside financial management tools including expense tracking. Brex has been growing its business over the past year, and a new product announcement will further boost its financials. Despite the pandemic, Brex's growth has steadily accelerated.

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