New Credit Card for Startups - Promotions News

ADVERTISING DISCLOSURE

ADVERTISING DISCLOSURE:
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Promotions » New Credit Card for Startups

New Credit Card for Startups

New Credit Card for Startups
June
28
The content is accurate at the time of publication and is subject to change.

Brex is set to launch a corporate card for startups, letting them qualify for the card based on their funding information instead of their credit history. The new card is designed to make it easy for startups to sign up and to give them higher credit limits so they can grow their company. They do not require that startups provide a personal guarantee to get this credit card.

The card also includes a variety of features designed especially for startups, including expense management software, which lets cardholders streamline the management of their receipts. In fact, cardholders will be able to either email or text Brex a picture of any receipt, and it will be quickly matched to their online dashboard.

Brex reached out to startups to see what they need from their new card, and they designed it to help startups overcome the obstacles that often hold them back from getting a credit card.
“Startups that have raised millions and are poised for hyper-growth can’t get slowed down hassling with banks requiring personal guarantees and offering meager credit limits,” said Henrique Dubugras, co-founder, and CEO of Brex. “Traditional credit models look at how much a company can pay back in a year.”

The inside story on Brex, a fintech startup

Brex recently ended a Series B round of financing which generated $57 million for the company. They have also brought on a wide range of well-known investors from both the Fintech and technology industries, including:

  • Y Combinator Continuity
  • PayPal founders Peter Thiel and Max Levchin
  • Facebook investor Yuri Milner
  • Financial services VC Ribbit Capital and former Visa CEO Carl Pascarella

“Brex is redefining the corporate card experience for startups of all stages. This has been a longstanding pain point for many of our founders. We are thrilled to have led the Series B round in Brex,” said Anu Hariharan, Partner, Y Combinator Continuity.

“As a startup founder, you have so many things going on, and the last thing you want to worry about is finding a quick and easy payments solution for company expenses, let alone personally guaranteeing a card or trying to find an expense management system that works. Brex solves that,” added Dalton Caldwell, Partner, Y Combinator.

Right now Brex has more than 1,000 customers, and new customers can apply via the website via a two-minute application.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:

Related News:

Discover Debit Card Gets an Upgrade

Posted: August 21, 2018

Discover is rolling out a new version of their debit card, offering several new features, including Freeze It, which may be familiar to their credit card customers. It lets cardholders turn their card on and off if it's lost or stolen. Continue reading
Discover Cuts Price Protection Benefits from Credit Cards

Posted: August 20, 2018

If you have a Discover card and like the Price Protection benefit that comes with it, you might want to take advantage of it sooner than later. Discover has decided to do away with this benefit. This benefit will no longer be part of your ... Continue reading
The New Citizens Bank Cash Back Plus World MasterCard

Posted: August 17, 2018

Citizens Bank has rolled out their new Cash Back Plus World MasterCard, offering cardholders 1.8% cash back when they go shopping. This is an upgraded version of their previous card. With this new version, cardholders can earn unlimited ... Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs up to the quarterly maximum each time you activate.
For Excellent, Good Credit
Earn 60,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening
For Excellent Credit
INTRO OFFER: Discover will match ALL the Miles you've earned at the end of your first year, automatically. For example, if you earn 30,000 Miles, you get 60,000 Miles.
For Excellent, Good Credit
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!