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

300 hours saved. $18M dollars gained. That is a lot of ROI! Having worked in the AI space as far back as 2017, before it became 'cool', I've seen my fair of share companies talking about AI but not actually using it or not using it in a way that drove meaningful outcomes for customers. Glad to see Erica & the team here at Brex being different and doing things the right way!

We're having an amazing time at this year's #GBTA convention! Swing by our booth (#4409) through Wednesday to say hi to the Brex team and get pro-level tips on managing T&E...then snag some swag and de-stress in our lounge with a little ping pong and mini golf. ⛳

Brex Supper Club in the Gundo last night! The hard tech ecosystem here is thriving. We discussed El Segundo's vibe, investing in "hard tech", how can generalist VCs win "hard tech" deals, and why we’re bullish across the board on #LA.

We're thrilled to announce that Sibongile Ngako has joined Brex as our new Chief Compliance Officer! With over 20 years of experience as a compliance and risk management executive, Sibongile brings deep industry expertise and innovation to Brex to lead our compliance program and expand upon current frameworks designed to mitigate regulatory risk. “I am ecstatic to be joining Brex, a company that has continuously been at the forefront of financial innovation. Together, we will ensure that Brex continues to operate with integrity and transparency, providing our customers with the highest level of trust." Welcome to the team, Sibongile! 👏

#SeattleTechWeek is now less than 2 weeks away!! 🌆 Join Brex and Forum Ventures for #Brexfast - connecting founders with the right investors. RSVP here ➡️ https://lu.ma/9bzfg3hp 🗓 Date: Tuesday, July 30th, 8:30 AM 📍 Location: CoMotion at University of Washington

FOUNDER MOTIVATION "How do you frame the work you're doing around something that gives you purpose & gives you joy? …if you are [just focused on the outcome] and you don't enjoy the process, the math doesn't add up. It just does not make any sense… if you don't get energy from the process (the process is not rewarding on its own & you're just focused on the outcome) it's going to suck…" Pedro Franceschi, founder/CEO Brex (via Harry Stebbings, The Twenty Minute VC)

Happy Friday! Here’s your 🤯 fun stat of the day: nearly 40% of startups fail because they run out of cash. Most traditional banking options are basically just a parking lot for a company's cash — charging high fees and offering low yield. So why isn’t startup banking better? That’s what we've aimed to fix with our newest update to how we approach startup banking, with our Brex business account.* We took the best things about checking, treasury, and FDIC insurance and combined them in one account — with no minimums, and yield earned instantly. Founders now get access to all of this immediately: 💰A Checking account that lets you automate bills and payments with ACH and checks — and send wires in over 40 currencies. 📈A Treasury account that lets you earn yield from your first dollar with no minimums — while still allowing you to access your funds anytime. 🏦A Vault account with up to $6M in FDIC coverage through 20 program banks, and 24/7 support. This is startup banking built for founders, by founders and operators. Feel free to read more on how these updates are helping 1 in 3 US startups protect their cash and extend their runway here. *Brex is a financial technology company, not a bank. Checking accounts and banking services provided by Column N.A., Member FDIC. Treasury and Vault accounts are offered by Brex Treasury LLC, Member FINRA and SIPC. Brex Treasury is not a bank nor an investment adviser. Investing in securities involves risk. Yield is variable.

We're headed to #GBTA next week and we want to know: what's your weirdest expense claim story? 👀 Stop by the Brex booth throughout the event and join us on the 23rd for a game show-format session ft. our Principal Solutions Consultant, Nicole Jackson, MBA. We’ll hear from travel managers and laugh, commiserate, and maybe even cry about corporate travel woes... Then share tips on how to prevent them! Sign up now: https://bit.ly/3RUQdw2

Brex President Karandeep Anand joined a panel at Fortune's #BrainstormTech event yesterday with Betterment CEO, Sarah Levy, to discuss sustainable growth, investing in trust, and much more. Watch the full recap here: https://bit.ly/3Wrhf0z