Brex, a fintech startup that offers business credit cards and cash management accounts to technology companies, announced they are launching a new platform to assist organizations to control expenditures as the company expands into financial software. Brex Empower, the company’s new platform, will aid in the development of future products. DoorDash has signed on as a customer for the platform’s first product, a spending-management program. Brex, which was recently valued at $12.3 billion in a fundraising round, began developing the platform last summer and is currently offering early-access to customers, with plans to roll-out more this summer. Additionally, Greenoaks and TCV led a $300 million fundraising round for the firm.
Fintech Brex Ventures Beyond Corporate Cards Into Spending Software – Bloomberg