PYMNTS

SEPTEMBER 24, 2018

Commercial card startup Brex is seeking unicorn status with its next funding round, The Wall Street Journal ( WSJ ) reported Friday (Sept. Brex, founded by two Brazilian entrepreneurs, emerged on the market as a FinTech issuing corporate cards to other startups.

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Commercial Card Request for Comment Push-to-Card Visa 70

PYMNTS

OCTOBER 5, 2018

Brex, which was reported by the Wall Street Journal last month to be in the midst of closing an investment that would secure its unicorn status, differentiates itself from other commercial card companies by not requiring clients to hold personal liability for their company spend on the card.

Commercial Card 57

Commercial Card Credit Cards Credit Limit Continuity 57

PYMNTS

MAY 6, 2020

FinTech Conferma Pay said Wednesday (May 6) that it has teamed up with Visa to integrate the payment network’s virtual cards into the Conferma Pay mobile app, provisioning commercial cards to their phones’ digital wallets. So, we’ve seen a lot more focus for our type of services over the last four months.”

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Reconciliation Commercial Card Contactless Payments Online and Mobile Banking 107

PYMNTS

JULY 9, 2019

small business lender and commercial card company Capital on Tap is collaborating with accounting software company Receipt Bank to launch the Receipt Bank Card, a commercial card solution for small businesses, according to a press release Monday (July 8).

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Commercial Card Small Business Credit Limit Bank Card 57

PYMNTS

JUNE 20, 2018

PayPal Founders Peter Thiel and Max Levchin have participated in a funding round for Brex , a startup that designed a commercial card for startups. “Traditional credit models look at how much a company can pay back in a year based on profits, often disqualifying startups.

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PayPal Commercial Card Credit Limit Credit Cards 46

PYMNTS

JUNE 7, 2019

Commercial card startup Brex has announced the launch of a portal to connect cardholders to accountants. The integrations enable cardholders to automatically connect transactions from their Brex cards into their accounting and expense management solutions. “Today’s product announcement combines those two investments.”

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Accounts Commercial Card Credit Cards Credit Limit 47

PYMNTS

JUNE 25, 2018

With so much money up for grabs, it may come as a surprise that startups often struggle to get approved for a credit card, even after a lucrative funding round. ” Even if balances are paid in full each month, high utilization of credit lines can put downward pressure on personal credit scores, too.

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Credit Cards Commercial Card Small Business Assessments 52

PYMNTS

OCTOBER 24, 2019

Commercial cards remain a small, but growing, part of the B2B payments ecosystem, thanks in part to their versatility. SMBs use credit in a variety of ways,” he said, “as end-of-the-month, short-term financing, on a per-transaction basis or as a longer-term financing vehicle.”. Brex Expands Beyond Cards.

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Commercial Card Small Business Credit Limit B2B 40

PYMNTS

OCTOBER 21, 2019

American Express announced last week a new solution designed for startups and entrepreneurs that connects these small business owners with a commercial card, which is in turn integrated into that business’s bank account.

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Small Business Payment APIs and Integration Underwriting Value Added Service 40

PYMNTS

MAY 22, 2020

In the largest venture capital funding round of the week, commercial card startup Brex secured $150 million from DST Global and Lone Pine Capital. Reports noted that Brex has lowered some customer credit limits in response to the current market and significantly cut spend on travel and restaurants.

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Finance B2B Online and Mobile Banking Participant 56