Brex Launches Card Geared Toward E-Commerce Companies

ROBIN SAKS FRANKEL | February 27, 2019

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In 2018, the company launched the Brex Card for Startups, a corporate card without a personal guarantee requirement. Now, it’s offering another iteration, which launched Feb. 26, called the Brex Card for Ecommerce. It offers a 60-day interest-free payment window and is aimed at companies that sell goods online and have short-term financing needs. The Brex Card for Ecommerce was designed specifically for online businesses with at least $50,000 in monthly sales that need longer payment cycles than the 30-day window offered by the Brex Card for Startups, says Michael Tannenbaum, Brex’s chief financial officer, in an email to NerdWallet. “Brex saw lots of e-commerce companies signing up for its startup card (the Brex Card for Startups) but asking for longer payment terms to coincide with their ad financing and inventory financing cycles,” Tannenbaum said.

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