Capital One acquires Brex for steep discount to its peak valuation, but early believers are laughing all the way to the bank
Before everyone sharpens their knives, consider that for the VCs who backed Brex at its outset, the sale is a triumph.
IPO hopeful Brex scored major win to sell in the EU, plans UK expansion
The EU has authorized Brex to sell its spend management products directly in all 30 countries, “no workarounds required,” CEO Pedro Franceschi said.
Startups Weekly: Still running
Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. This newsletter took a break for the Fourth of July, and maybe you did, too, but the news didn’t. …
How Brex is keeping up with AI by embracing the ‘messiness’
Brex quickly realized its normal software procurement process wouldn’t work in the age of AI and found a new way to test and vet tools.
Brex partners with former competitor Zip, with an eye on reducing cash burn to get to an IPO
Brex has once again made the surprising, but perhaps realistic, decision to partner with another one-time competitor. This time Zip, the CEOs of both companies told TechCrunch exclusively. In April 2022, fintech Brex announced it was making “a bi…