Brazilian Brex reaches valuation above $2B

LatAm List – Henrique Dubugras and Pedro Franceschi, Brazilian co-founders of startup Brex Inc., provide corporate credit cards to tech companies, startups and their employees. Brex is only two years old and already has a valuation of $2B.

The most recent type of credit card San Francisco-based Brex offers has a 60-day interest free credit line. This card is aimed toward e-commerce companies looking to avoid taking out a loan for major purchases.

Read more about the rapid success of Brex Inc. on Bloomberg or TechCrunch.

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