• Home
  • Events
  • Webinars
  • White Papers
  • Blog
  • About
Go to...
    LendIt News – Daily Fintech Industry News LendIt News – Daily Fintech Industry News


    • All News
    • USA
    • Europe
    • LatAm
    • China
    • Lend Academy
    Go to...
      Home»Fintech » Brex Launches Brex Cash to Replace Bank Accounts

      Brex Launches Brex Cash to Replace Bank Accounts

      October 3, 2019
      Fintech, USA
      Views : 452
      0

      One of Silicon Valley’s hottest startups is now launching an alternative bank account; Brex Cash is designed to replace traditional bank accounts and will be integrated with the Brex corporate credit card; the company built their banking infrastructure from scratch to ensure no third party fees and they have partnered with Radius Bank to allow for customers to send payments quickly; the account will be protected by the Securities Investor Protection Corporation (SIPC) and Brex will invest the money through a money market mutual fund of U.S. treasury bonds; “Our idea is that new businesses —the new Y Combinator companies —we hope a big percent of them never open a bank account,” Brex co-founder and co-chief executive officer Henrique Dubugras tells TechCrunch. Source.

      Tags : Brex, Brex Cash, corporate credit cards, SIPC
      Share :
      • Facebook
      • Twitter
      • Linkedin
      • Email
      Next article
      Saga and Marcus Partner on Savings Accounts
      Previous article
      Some of Libra’s Biggest Partners are Reconsidering the Project

      Leave a reply

      Click here to cancel reply.