Summary List PlacementTechnology is shattering legacy financial systems that can’t keep pace with market demand– and Brex is at the leading edge. It is among fintechs buzziest start-ups, aiming to rebuild B2B monetary products beginning with business cards for technology business.
The business was silently launched in 2017 by Henrique Dubugras and Pedro Franceschi, 2 22- year-old engineers who previously founded Pagar.me, among Brazil’s biggest payment processors.
Brex already has more than 1,000 customers signed up with the assistance of support from investors consisting of PayPal co-founders Peter Thiel and Max Levchin, early Facebook financier Yuri Milner, previous Visa CEO Carl Pascarella, and renowned startup incubator Y Combinator.
And we saw the Series B pitch deck Dubugras and Franceschi used to win them over..
In it, they lay out a clear issue: Technology startups typically had trouble securing business charge card– even if they had millions in the bank– due to the fact that tradition banks and card companies wished to see business credit rating, which young organizations merely couldn’t produce.
They had an easy option: Eliminate the restrictions of tradition innovation by giving instantaneous approval to start-ups based on their available cash balance, consisting of money raised through endeavor, instead of credit history..
In the deck, the founders described their strategies to help startups of all sizes immediately get cards with higher limits, along with automated expenditure management and smooth integration with existing accounting systems.
As part of our coverage of the genesis of today’s successful companies, BI Prime received Brex’s approval to offer a look into the startup’s full 19- slide pitch deck, that includes considerations such as:.
The startup’s mission.
Secret employee and previous backers.
The size of the market opportunity.
A step-by-step strategy of how to resolve credit cards for startups.
Some of the card’s coolest functions.
Data points demonstrating how to scale business.
BI Prime is releasing lots of stories like this each and every day. Want to get going by checking out the complete pitch deck?
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