Can Brex Build a Sustainable Business in Their Niche

Brex provides startups with corporate credit cards and assesses their creditworthiness by comparing the amount a startup raises and cash it spends; Brex has so far built this business to the tune of a $2bn valuation in just a couple of years; the big question facing the company is can they build a sustainable business in this niche; startups tend to fail quickly with the Bureau of Labor Statistics saying that 20 percent of companies do not make it more than one year; Brex makes money on the interchange fees and their product is not a line of credit as balances are due at the end of each month; the company has seen big success so far but will need to look at diversification if they plan to make it in the long run with competitors beginning to offer additional tools along with credit. Source.