Startup Brex Is Raising Money at a Valuation Above $2 Billion
- Fintech’s new cash infusion comes just months after last round
- Kleiner Perkins, Peter Thiel among startup’s backers
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Just two years after it was founded, Brex Inc. is close to securing new funding at a valuation north of $2 billion, according to people familiar with the matter.
The San Francisco-based startup -- whose main business is providing corporate credit cards to tech companies, startups and their employees -- had previously raised money at a $1.1 billion valuation just months earlier. Talks for the current deal are still ongoing, the people said, and the details could change. All of the people asked not to be identified because the discussions are private.