2min chapter

Decoder with Nilay Patel cover image

Watching Silicon Valley Bank melt down from the front row with Brex CEO Henrique Dubugras

Decoder with Nilay Patel

CHAPTER

The Origins of Spend Platforms

There was a bit of a consumer focus to start with and then this pivot to enterprise. Why the focus on enterprise and now what you're calling a spend platform? Yeah, so when we started out, the focus started. So it was like technology companies and people were like venture backed and raised from the VC money. We could underwrite companies based on their cash balances instead of FICO's.

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