Brex , a US start - up which provides corporate cards for other start - ups , has raised $ 125 million to develop its offering and add a rewards system . The series C funding round was led by Greenoaks ventures , IVP and venture Global . Brex offers online signups , limits of up to 50 % that of traditional cards , along with embedded management for expenses and receipts . The firm was launched in June by the founders of Pagar.me , a Brazilian payment processing firm . Aside from the series C investors , it has received backing from Y Combinator Continuity , Peter Thiel , Max Levchin and Ribbit ventures .
Brex, a US start-up which provides corporate cards for other start-ups, has raised $125m to develop its offering and add a rewards system. The series C funding round was led by Greenoaks Capital, IVP and DST Global. Brex offers online signups, limits of up to 20 times that of traditional cards, along with embedded management for expenses and receipts. The firm was launched in June by the founders of Pagar.me, a Brazilian payment processing firm. Aside from the series C investors, Brex has received backing from Y Combinator Continuity, Peter Thiel, Max Levchin and Ribbit Capital.