Tag: Brex

A Jared Leto-backed startup, family-focused FinTech firms and corporate spend management companies were among the big winners of the 42 funding rounds reported on last week.

Corporate spend management firm Brex raised $425m in Series D funding, doubling its private valuation from a year ago at more than $7.4 bn.

Digital banking solution developer Narmi has bagged $20.4m in its Series A funding round to help community banks and credit unions better compete against megabanks, challenger banks and FinTechs, it claims.

Affirm began trading on the Nasdaq on Wednesday with its shares jumping by more than 100% in the first day, laying the groundwork for huge growth in the buy now pay later space.

From cybersecurity startups to challenger banks, let's take a deep dive into the FinTech companies raising money over the past week.

Corporate credit card company Brex has bagged $150m in funding, which will help the company to bolster its engineering and product design efforts.

Credit card payment company Plastiq has attracted $75m in fresh capital to grow its team, develop more solutions and help small businesses to pay their suppliers, which may be getting trickier during the coronavirus crisis.

Corporate credit card company Brex has completed three acquisitions which will add “meaningful engineering and product talent to its ranks.”

December was a busy month for Brex. Not only did the FinTech startup secure $200m in debt capital to lend to its customers, but it also launched a new agency platform.

B2B payments company Brex has secured $200m debt capital to support the expansion of its product.