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Brex

🌎 brex.com

Brex is an AI-powered spend management platform that transforms finance teams into proactive growth drivers. It offers corporate cards, business accounts, and global payments, along with intuitive software for travel and expenses, enabling companies to manage their spending confidently and efficiently. Trusted by over 20,000 companies, including startups and global enterprises, Brex provides a comprehensive solution for tracking and controlling company spend in real time.

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Updates as of Sep 16, 2024

• Brex added Xero integration and Brex dashboard and app to their support articles.
• Brex has launched a new integration with Stripe Atlas, allowing founders to access banking services immediately after incorporation.
• Brex has added NetSuite integration and Brex and Workday HRIS to their support articles.
• Brex has added Sage Intacct integration and Accrued spending to its Accounting page.
• Brex has acquired Pry Financial.

• Brex has rebranded and the Boston Celtics chose Brex for corporate cards and spend management.
• Brex launched Brex Assistant Commenting, an AI tool that automates expense review by asking employees for additional context on out-of-policy expenses.
• Brex now only allows venture-backed startups or mid-size businesses with at least $400k/month in revenue on their platform.
• Brex announced AI-powered automation for invoice processing to reduce errors and speed up payments.
• Brex is partnering with Operators Guild for the inaugural Boston launch on October 1.
• Brex now allows users to submit expense memos directly in Slack with their new app.
• Brex partnered with Cartwheel to launch a text-to-animation billboard in Times Square.
• Brex Treasury agreed to pay $900,000 to settle FINRA's claims over inadequate anti-money laundering compliance software.
• Brex has updated its accountant directory, replacing Finstackk with Mighty Digits, Sesh with Digits, The Ecommerce Accountants with FintechForce, and Finanshels.com with Trivium, Inc.
• Paul Bousquet has joined Brex as Treasury in the United States, previously serving as Head of Treasury at Reddit, Inc.
• Amanda Harris has left Brex as Senior Director, Support in Canada to join Airtable as Senior Director, Customer Support.
• Brex is currently hiring for the position of Assistant General Counsel, Employment in the United States.
• Heirloom increased employee compliance to 96% using the Brex app for Slack.
• Brex helped Inkle save 10-12 hours a week by managing multiple customer accounts with pro access and a value-based partnership.
• Brex helps companies like DoorDash, Flexport, and Compass control spend, reduce costs, and increase efficiency with integrated corporate cards, banking, and global payments.
• Pedro Franceschi and Henrique Dubugras, co-founders of Brex, are among the youngest billionaires in Brazil who are not heirs.
• Brex announced that Heirloom Carbon closes out expenses quickly and achieves 96% policy compliance using the Brex app for Slack.
• Brex CTO Cosmin Nicolaescu will speak at the GenLA event on September 25.
• Brex won the Most Impactful AI-Based Solution at the 2024 Finovate Awards.
• Brex President Karandeep will join a fireside chat with Plaid President Jennifer Taylor at SaaStr on September 12.
• Brex uses Veryfi's AI-driven data extraction technology to automatically process receipts and invoices, providing clients with enhanced spend control and financial visibility.

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