Brex

Introducing Summer Release ‘24, where powerful meets simple. Discover AI-powered accounting with continuous close, a simplified card control center, bill pay that makes you money, blazing-fast UI, and 100+ more improvements. https://bit.ly/4aMxPMc

-Startup of the Week: Everlum Bio (Rick Barkley) 🤩 -VC Spotlight: IDA Ventures Overton Venture Capital (Kerry Leigh Miller) 🤩

Happy Independence Day! 🇺🇸 For many immigrants, the United States has become a cherished second home. This 4th of July, we celebrate the nation's diversity and the dreams of those who seek new beginnings here! By beautiful coincidence, in this video you'll spot the Statue of Liberty right next to Alma on Times Square - a symbol of our shared mission. Grateful to our partners Village Global and Brex for this amazing opportunity! #Immigration #GrowWithBrex #AlmaTimesSquare

38% of startups fail because they run out of cash, per CB Insights. And typically banks accelerate the process with hidden fees and long liquidity time frames... But there’s a better way. Discover a new blueprint for startup banking through Brex that can actually help extend your runway! Don’t make another money move without it. https://bit.ly/45PTBOg

Spotnana is a platform company. Brex President/Chief Product Officer Karandeep Anand explores the key differences between platform and product companies in this episode of the Travel Is a Human Emotion podcast. Learn how platform companies unlock opportunities for customization and collaboration, and subscribe today. https://lnkd.in/ghkFRM8x #spotnana #businesstravel #travelasaservice #travelisahumanemotion

How you manage your cash can make or break your startup, but no one ever tells you the best way to do it. Until now! As the business account of choice for 1 in 3 US startups, we know a thing or two about optimizing your cash and extending your runway, and we’ve laid out our recommendations for the post-SVB reality here: https://bit.ly/45PTBOg

When building Brex 3.0, we set a clear bar for what we ship: to build things we’re insanely proud of. Here’s what I learned about how great work actually happens. I started coding when I was 9. I don’t know why I started, but I continued doing it because of a very specific feeling – one so profound I ended up building a lot of my life around chasing: the feeling of building something you’re proud of. Then I started my first payments company in Brazil inspired by what great APIs could do to how businesses moved money. And I started Brex because I wanted to build a new kind of company, at the intersection of financial service and software, that no one thought was possible. Over the past 6 months we changed a lot of how we run Brex. And what I realized is that “building something you’re proud of” isn’t so much about hitting a goal, a particular metric, or a financial outcome. It’s about the inherent feeling of doing great work, and navigating the inherent messiness that comes with it. I noticed a few patterns: 1. There is no recipe for great work, and yet, great people tend to love processes (including me). Don’t let the process get in the way of the messiness involved in building something great. The only “process” you can follow is to love the struggle. When you’re banging heads against the wall late at night, with no obvious path forward, keep in mind that persevering in those moments is the hallmark of great work. This is how it’s done, and this is how all the great people do it. Keep going and learn to love it. 2. Nascent ideas are fragile. The easiest thing is to shut down a new idea because it doesn’t clear the bar yet – losing it before it morphed into something better. What’s the fastest way to kill a nascent idea? To treat it like a final product before it gets there. 3. Simplify. Great ideas fit into a napkin. Eliminate the non-essential, but keep the right balance between logic and emotion. Figure out how to tell a story that’s rational, and yet evokes a feeling. People make emotional decisions for logical reasons. Great work has both. 4. Focus. You can’t apply this level of care and rigor on everything. The only way to do great work is to do fewer things really well. It takes time and many mental cycles to achieve greatness. You need to be thinking about it in the shower. If you don’t have the mental bandwidth required to achieve something you’re proud of, it’s not worth starting. These learnings have resulted in releases we’re more proud of than ever, and have received tons of positive customer feedback – which we’re so grateful for. Thank you to our customers and our team for building something we’re insanely proud of!

Please join us in welcoming our new CRO, Garrett Marker, to Brex! Garrett's experience building high-velocity sales machinery, scaling land and expand motions, and growing large customer bases at major software companies make him a perfect fit for Brex. Not only is he a strategic and deep operator, but he isn’t afraid to roll up his sleeves and be on the frontlines with the team. We cannot wait to see the impact of his vision and expertise—welcome to the team, Garrett! 🚀

Our team had an absolute blast hosting last week's LGBTQ mixer in SF! 🧡 Our aim was to foster meaningful connections and provide a platform for shared, relatable conversations on the tech sector—and to recognize and celebrate the remarkable contributions of the LGBTQ+ community and its allies. The event was organized and hosted by Kaleidoscope @ Brex, a community focused on creating an inclusive environment in which individuals can be authentic and proud of their achievements. Check out the highlights below!

Join Brex at GBTA, where we’ll be hosting a lively game show-format session to laugh, commiserate, and cry over the hassle of traditional corporate travel platforms—then share insights for how you can make T&E easier. Will you be there? https://bit.ly/3VH7fi7