Brex created a category. Life before Brex was terrible for founders and growth businesses. The least worst option was Silicon Valley Bank which would offer a veneer of founder friendliness but with a terrible digital UX.
Brex turned this on its head with corporate cards that just worked and removed the personal guarantee. It’s hard to understate the revolution this created in experience and the step change in productivity for businesses. Today a Series A company might have a finance team of 1, and maybe 2 by Series B.
Today there are many competitors to Brex, but this is a multi-billion dollar valued juggernaut with a substantial lead in deposits and float.
Brex started as the corporate card for startups, but today they’re expanding—with expense management, travel, business accounts, and bill pay. Can they win the race for the finance operating system of digital companies, and if so how?
What makes Perdro tick? And how are they building an enduring business?
