Kind of shocked on raising the funds, I guess you have had good adoption on the platform?
Maybe I am missing the point of what is being solved? Access to business credit is a really straightforward process, you can incorporate and with ZERO assets or revenue have a 5k credit card issued on the spot.
In terms of managing credit cards within a company and the other features you're listing out they looked already solved by a company called Emburse, https://www.emburse.com.
I guess this is a run for the market before Emburse takes it over?
Hey! Indeed we do have very good traction. But the fact that you can get business credit with zero assets or revenue is true if you're wiling to personally guarantee the card, because then it's just like getting a personal card but with your business name on it. I as an immigrant without a lot of personal credit history was unable to get a card when starting Brex. Today, we raised over $57m and we're still unable to get cards from banks. We're the first card to actually underwrite startups and give them a card with high limits and no personal guarantee.
Maybe I am missing the point of what is being solved? Access to business credit is a really straightforward process, you can incorporate and with ZERO assets or revenue have a 5k credit card issued on the spot.
In terms of managing credit cards within a company and the other features you're listing out they looked already solved by a company called Emburse, https://www.emburse.com.
I guess this is a run for the market before Emburse takes it over?