Brex ended up raising $100 million by offering financing alternatives to all the startups

It took almost one year after the launch of the business card for the company that Brex was able to value itself at $2.6 billion. Brex is a company which offers credit cards to different startups. The total funding they have received till now is $315 million. The latest round of funding for the company was led by Kleiner Perkins Digital Growth Fund. Some of the existing investors like IVP, DST Global, Ribbit Capital, GreenOaks Capital, and Y Combinator Continuity were also part of this investment round. The company will be using this money they raised in the funding to corporate spending features and rewards. The company will also be trying to expand the broader audience. The main target for the company now is all the startups that are now struggling with their credit score. Those startups are not able to raise any kind of money from traditional banks and Brex is able to help them with credit cards. The company is based in San Fransisco and has previously acquired another outfit to help in its mission. This March, the company snapped up Elph which is basically a digital payment startup that is specialized in cryptocurrency.