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☆ Brex: 2024 CNBC Disruptor 50
▼ + stars: | 2024-05-14 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +2 min

Since SVB, Brex has continued to invest in differentiated services, including AI-powered tools to help streamline expense reporting, booking and management capabilities, accounts payable and procurement management. Within 36 hours, Brex signed up nearly 4,000 companies, taking in close to $2 billion in deposits. It has since backtracked on that position, and has doubled down on its roots serving tech startups. The spend management space has become more crowded, with fellow Disruptors Ramp and Navan, as well as Expensify, Mesh Payments, Airbase and Center competing for market share. Tech companies laid off more than 191,000 workers in 2023 — a trend that has continued into 2024.

Persons: Brex, Henrique Dubugras, Pedro Francheschi, Francheschi, Ben Gammell, PitchBook Organizations: Ribbit, DST, San, Airbase, Center, Tech Locations: Salt Lake City, San Francisco, Navan

When applying for a business credit card, issuers may consider your personal credit score if you don't have a business credit report yet. [ Jump to more details ]More on our picks for the easiest business credit cards to getCapital One Spark 1% ClassicThe Capital One Spark 1% Classic has lower credit score requirements than many cash-back business credit cards but still earns valuable rewards. [ Return to card summary ]Bank of America Business Advantage Unlimited Cash Rewards Secured credit cardThe Bank of America Business Advantage Unlimited Cash Rewards Secured credit card is a secured credit card, geared toward applicants with poor or no credit scores. Credit card issuers usually check your personal credit when you apply for a business credit card. Our methodologyTo determine which business credit cards are the easiest to get approved for, CNBC Select analyzed the most popular credit cards available to U.S. business owners with poor or average credit.

Persons: It's, cardholders, Bradstreet, Cardholders, Slack, you've, Cash, you'll, There's Organizations: CNBC, Capital, Bank of America Business, The, of America Business, Apple, Google, Mastercard, Card, Emigrant Bank, FDIC, Brex, SEC, Treasury, Cash, Gas, Bank of America, World, Microsoft, MasterRental, Savings, CNBC Select's, Facebook, Twitter Locations: U.S

☆ Here's the 21-page pitch deck that Slope, a fintech looking to upend B2B payments, used to score $30 million from investors like OpenAI's Sam Altman
▼ + stars: | 2023-10-13 | by ( Bianca Chan | ) www.businessinsider.com time to read: +3 min

Lin Murata worked at the business growing up, doing everything from sales to filing paperwork to working the cash register. "My parents, they're very old school, and all the existing solutions were excruciating to use, and we realized there was a real need for a frictionless B2B payments solution," said Lin Murata. It's a tall order to digitize B2B payments — companies ranging from middle-market companies and mom-and-pop shops have been notoriously hard to penetrate and spur technological change. Of the $125 trillion market for global B2B payments, only a fraction of transactions — less than $6 trillion according to Slope's pitch deck — occur online. The latest investment brings Slope's total funding to $187 million, with $62 million in equity and $125 million in debt capital.

Persons: Lawrence Lin Murata, Lin Murata, Alice Deng, Deng, Sam Altman, OpenAI's Sam Altman Organizations: Union Square Ventures, OpenAI's Locations: China, Brazil, Slope's

☆ These retailers are bucking the trend and opening stores in San Francisco despite the city's 'doom loop'
▼ + stars: | 2023-09-21 | by ( Tom Carter | ) www.businessinsider.com time to read: +6 min

Some retailers are fleeing San Francisco as fears grow over rising crime and a worsening economic environment. They continued, "We are excited to strengthen our presence in San Francisco and intend to test and try different formats to meet the needs of our San Francisco consumers for many years." Tayfun Coskun/Anadolu Agency via Getty ImagesChanel is also making moves in downtown San Francisco. The move came despite luxury stores in downtown San Francisco being targeted by a series of high-profile robberies. "We recently invested in renovating our Downtown San Francisco hub where our teams come together to develop new consumer experiences and product innovations.

Persons: Tayfun, Chanel, Yves Saint Laurent, Jay Watson, Alexander Spatari, Henrique Dubugras, Michael Tannenbaum, Brex's, Tannenbaum, It's, it's, Angela Hoover, Andi, Hoover Organizations: Foods, Service, Nordstrom, Westfield San Francisco Centre, Ikea US, Ikea, Bay Area, Anadolu Agency, Getty, Real, Arpels, Gap's San, Gap Inc, Navy, Gap, Downtown, San Francisco Locations: San Francisco, Wall, Silicon, Francisco, Westfield, San Francisco's, Bay, Union, Gap's, Gap's San Francisco, Banana, Sutter, Downtown San Francisco, Miami

☆ For companies sticking with remote work, the rules for success are becoming clear
▼ + stars: | 2023-06-22 | by ( Rachel Curry | ) www.cnbc.com time to read: +7 min

For organizations that are ready to move past temporary remote or hybrid work arrangements, remote work "maturity" is the final step. Companies with highly effective documentation are more than twice as likely to report that their company maximizes the positives of remote work, according to the Gusto Hybrid Work Playbook. For early remote work adopters, rigorous documentation has been key from the beginning. Nearly half of companies who report having clear goals say remote or hybrid work has been positive for company performance. Reeder says while tools can help make remote work more effective, leaders should not use software to mask inefficiencies.

Persons: Annie Dean, Dean, JJ Reeder, " Reeder, Reeder, Brex, Angela Crossman, it's, Crossman, Upwork, Atlassian Organizations: Companies, malleability Locations: Atlassian, Upwork, San Francisco, Chicago

☆ Tech's hottest trends: what's cool and what's not among Silicon Valley's elite
▼ + stars: | 2023-04-26 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

San FranciscoThe AI boom is helping to bring San Francisco back after the pandemic. Dan Kurtzman/Getty ImagesDuring the pandemic, the San Francisco metro area ceded some of its dominance over the tech industry to growing hubs in cities like Miami and Austin. The neighborhood of Hayes Valley, in particular, has become such a hotspot for new AI startups that it's jokingly been renamed "Cerebral Valley." Their overall consensus is that working from home is on its way out and working from the office is back in. Security card swipe data also shows that office occupancy in the San Francisco metro area has increased since the beginning of the year.

☆ ChatGPT and pickleball are in. Crypto and Meta are out: What's hot in tech this year
▼ + stars: | 2023-04-09 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

San FranciscoThe AI boom is helping to bring San Francisco back after the pandemic. Dan Kurtzman/Getty ImagesDuring the pandemic, the San Francisco metro area ceded some of its dominance over the tech industry to growing hubs in cities like Miami and Austin. The neighborhood of Hayes Valley, in particular, has become such a hotspot for new AI startups that it's jokingly been renamed "Cerebral Valley." Four Bay Area-based tech workers told Insider that they're going in to meet colleagues, grab coffees, or just get out of their apartments. Security card swipe data also shows that office occupancy in the San Francisco metro area has increased since the beginning of the year.

☆ Fintech company Brex's co-CEO: Next couple weeks are going to be pivotal for our industry
▼ + stars: | 2023-03-13 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFintech company Brex's co-CEO: Next couple weeks are going to be pivotal for our industryHenrique Dubugras, Brex co-CEO, joins 'Closing Bell: Overtime' to discuss the SVB failure and the the impact it could have long term.

☆ How Brex cards and software are transforming spend management by focusing on the user experience
▼ + stars: | 2022-10-24 | by ( Sponsor Post | Created Insider Studios With Brex | ) www.businessinsider.com time to read: +6 min

Brex ends the standoff and turns corporate spending into a great employee experience by making compliance easy and automatic. It may be the necessary and exciting future of business, but it's also a headache for finance teams. As a single solution for global spend, Brex was built for distributed, international teams. It flips corporate spending policies from command and control to trust and verifyMany corporate spending policies can make expense-related conversations feel like an interrogation: What is this expense? Brex is a complete spend solution that doesn't just address the pain points of corporate spending; it reimagines corporate spending for a global, mobile, fast-paced world.

Getty Images AsiaPacFor business owners curious about crypto, the Brex cards are a low-risk introduction to the space. You can only earn bonus rewards if Brex is your only corporate card, so it doesn't pair well with other business rewards credit cards Dash icon A dash. Using Brex points for crypto rewards"We think that your rewards points are an easy and interesting way to participate in crypto," Henrique Dubugras, founder and CEO of Brex, told Insider. The Brex card offers the flexibility to simply put that exposure in rewards points, and cardholders can continue to designate their rewards in other more stable categories, too. Read Insider's points and miles valuations to find out what your credit card rewards are worth.

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