Brex Announces Series D Investment Round

27 Apr, 2021

Brex Announces Series D Investment Round
Photo by Kirill Sharkovski on Unsplash

– Brex raised a $425m Series D investment round led by Tiger Global.
– The round values Brex at over $7.4b.
– Brex now onboards thousands of new tech and non-tech customers every month that use a combination of its payment and cash management services, and will now be able take advantage of expense management and bill pay software.
– Brex grew total customers by 80% with total monthly customer additions increasing by 5x. SMBs now account for 45% of customers on the Brex platform.

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