FinTech Futures: Top five stories of the week – 21 October 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Brex is set to lay off 136 employees – approximately 11% of its total workforce.
Small businesses using Brex have until August 15 to move their funds.
Pry CEO Andy Su says: “With Brex’s scale and reach, we can have a much bigger impact right away.”
Since its founding in 2017, Brex has raised a total of $1.2 billion.
Featuring N26, Deel, FTX, Zopa and Brex.
US fintech will aim to leverage Weav’s API technology.
Featuring Brex, Paxos, Vena, Greenlight, and Current.
“We have all types of businesses now signing up for Brex,” says co-CEO.
Tiger Global Management is reportedly backing the round.
SVB’s former chief digital officer Bruce Wallace will head up Brex Bank.
Neji, Landria, and Compose Labs all brought under the Brex umbrella
In an extension to a Series C round launched in October.
Featuring N26, South Korea, Brex and TymeBank.
San Francisco-based corporate card provider for start-ups making progress.
It also now has a total of $57 million in funding.