Brex’s Plan For Its New $125M In Funding

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When Brex CEO Henrique Dubugras first started out as an entrepreneur, his first destination wasn’t finance — it was virtual reality (VR) technology. But that changed when he went to try and get a corporate card for his firm and found that it was a bigger-than-intended hassle.

Cards were hard to access, and he would have to put up a large personal guarantee to be issued one. Working with a debit product linked to a corporate checking account, he found, wasn’t really an improvement, as it would be a card and it would be a product that only he could use. Getting another card for Brex Co-founder Pedro Franceschi, he found, was actually a complicated hassle.



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