SAN FRANCISCO--(BUSINESS WIRE)--Brex, the first corporate card for startups, announced today the launch of its rewards program. The same way Brex reimagined underwriting to cater to startups, the company has rebuilt the credit card rewards system to offer startups the most valuable program in the marketplace, with points earned for and points back for services and products these young businesses use regularly to fuel growth.
“There has been tremendous demand within the startup community for a card rewards program that works for them,” said Henrique Dubugras, co-founder and CEO of Brex. “Using the deep insights we have on how our customers spend their money, we have built a program that helps them get the best benefit for every dollar they spend.”
Brex has been analyzing its customer spend over the past year and used this data to build a rewards program designed to give customers unparalleled benefits for their businesses. A typical Brex customer will earn at least 20 percent more rewards on Brex relative to any competitor program and 100 percent more relative to many popular small business credit cards. By forming partnerships with product and service providers that offer discounts and promotions specifically to Brex cardholders, Brex has signup bonuses totaling over $25,000 in discounts for its customers. Offers today include Amazon Web Services, WeWork, Instacart and Salesforce among others, with more to be announced in the near future.
With Brex rewards, startups will earn one point per dollar spent with no cap on rewards earned, plus points multipliers on services essential to their work life: including 7x on rideshare, 3x on travel and dining and 2x on recurring software/SaaS. Brex customers began accruing rewards points in early October 2018 and will be able to redeem them starting today.
About Brex
For startups, Brex delivers corporate cards quickly, easily, and with higher limits than traditional corporate cards, instantly and with no personal guarantee. Founded in 2017 by the founders of Brazilian payments processor Pagar.me, Brex is backed by Y Combinator Continuity, Ribbit Capital, Greenoaks, DST Global, Peter Thiel and Max Levchin. Brex participated in the Y Combinator Winter ’17 batch. The company’s headquarters are in San Francisco. For more information, visit www.brex.com.
