Startup raises $57 million to make credit cards for startups
US-based startup Brex, which makes credit cards for startups, has raised $57 million from investors including Y Combinator and PayPal Co-founders Peter Thiel and Max Levchin. Brex does not require proof of cash flow or a security deposit to issue cards. The first five cards issued are free after which it costs $5 per user per month for additional cards.