What will you be using my transactional information for? Will you be commercializing my transactional information in some way? With the banking information you require for sign up will you be funneling other financial information about my startup to other companies? What safeguards do I have that a competitor won't have a way to gain knowledge about the financial state of my company through data commercialized by Brex?
We will use your transaction data for underwriting purposes. We contractually have the ability to commercialize your data in an aggregate way, so for example we could say “starups on brex are spending more money on saas every month this year compared to last year”. But never the name of specific information about your company. Don’t worry, your competitors won’t have access to your data.
