Brex hits $12.3bn valuation

Corporate credit card fintech Brex hits seen its value soar to $12.3 billion after pocketing another $300 million in funding, according to TechCrunch.

No announcement has been made except for a paper statement signed about the visit, TechCrunch said, citing sources. The latest funding came after the $ 425 million Series D was released in April for $ 7.4 billion.

The box published in 2017 is a business card for sponsored businesses but has not expanded to provide SMEs and many organizations with financial management services.

Since then, the company has announced an all-in-one platform that adds cost control and integration of billing software into a single dashboard for $ 49 per month.

There are several possible changes at the beginning: earlier this year, the company applied to establish Brex hits Bank, which would allow FDIC to provide deposit products to SMBs without the need for depending on the central bank.

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