Brex, the premier financial platform that supports a third of US startups, has introduced a comprehensive array of new digital banking products. This upgrade enhances its primary business account, enabling founders to access capital with ease. With this expansion, Brex is now the sole platform that consolidates corporate cards, expense management, bill pay, travel booking, treasury, and banking into a single offering.
Co-Founder and CEO Pedro Franchesci emphasized the importance of accessible banking and cash flow for startup success, highlighting Brex’s commitment “to supporting founders from inception to IPO.” The updated business accounts feature advanced security measures and offer three distinct accounts: a global checking account with no transaction fees powered by Column, a fully integrated treasury account for managing funds and earning yield, and a vault account providing up to $6 million in FDIC insurance.
Brex Head of Startups Jason Mok said, “We partnered with Column because their unique approach to banking provides the speed, flexible account model, and API-first approach.” This collaboration enables Brex to deliver innovative banking products tailored to the needs of fast-growing startups. Since its initial business account launch in 2019, Brex has facilitated financial operations for founders globally. Notably, during the SVB collapse in early 2023, Brex swiftly supported impacted companies by onboarding 4,000 new customers and establishing a $1 billion emergency bridge loan. Today, Brex’s comprehensive financial stack offers startups immediate access to business accounts, higher credit limits without personal guarantees, automated bill pay, and extensive discounts and rewards.
