Brex acquires 3 business to develop out its bank alternative for startups

INSUBCONTINENT EXCLUSIVE:
Neji, Compose Labs and Landria
pandemic may have slowed the acquisitions, Henrique Dubugras, the co-founder of Brex, said that it simply enhanced the importance of the
investments, which span across security, e-commerce and customer support
deployments
Security is important, especially when it comes to bank transactions
Dubugras said this acquisition will focus on making sure Brex Cash, the business cash management account that connects to the Brex Credit
solutions
tools
Brex, which was last valued at $2.6 billion, did not acquire all three companies as the rest of the world faced an economic downturn
Co-founder Henrique Dubugras told me that Brex began conversations with the three companies starting last fall and closed the deals this
quarter
nine-figure rounds in 2019 will be turning to different routes than customer acquisition and fundraising when it comes to growth
company, and inherit some expertise from other companies at the same time
Stripe has launched its own credit card for startups and, unlike Brex, has years of operation to prove why it should be trusted as a major
fintech company.