There are other business credit cards aimed at startups, and Silicon Valley Bank has offered cards to startups since 2008 (they offer both charge cards and regular corporate cards with revolving credit). Those options may be better for some startups, but Brex doubles down on being the safest choice for entrepreneurs, since they don’t have to worry about their assets being used as collateral if their business were to fail.
How else is Brex adapting in the COVID-19 landscape?
In a recent statement, Brex COO Paul-Henri Ferrand relayed the company’s commitment to their customers, adding that cardholders and new customers can now opt into a new remote rewards program and expansion of discounts on key remote work services. Brex’s customer support team is active during regular business hours, and Ferrand promised more updates in the coming weeks.
“As a leader of a company so deeply intertwined with the finances of so many businesses across the country, and as the husband of a small business owner, I am personally focused on solutions,” Ferrand wrote. “We are hearing the challenges you’re all facing firsthand, and taking action to help.”
In March, TechCrunch reported that Brex acquired three companies spanning customer support, security, and ecommerce to build itself out as a well-rounded bank for startups, and not just a corporate card. So the company is continuing to expand.
Ultimately, corporate cards may not be top-of-mind for everyone in this current climate, but there are options out there that can potentially alleviate stress and help startups better manage their finances. In good times and uncertain ones, Brex certainly seems to be in the business of making access to capital easy, smooth, and clear-cut.
Ready to sign up? Brex has a special offer for referrals from Supermaker.