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Brex Lands $2.6 Billion Valuation With Latest Funding Round

The company has raised $100 million to move beyond corporate cards for startups. 

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Being Highly Capitalized Is Extremely Important, Brex CEO Says

Few companies in Silicon Valley have attained multi-billion dollar valuations as quickly as Brex Inc., the fintech startup whose worth investors now peg at $2.6 billionjust one year after launching its first product.

Brex plans to announce that valuation on Tuesday, along with the news that it has raised $100 million in fresh funding, in a round led by Kleiner Perkins Digital Growth Fund. Other investors in the round include the Y Combinator Continuity Fund, Ribbit Capital and DST Global. Bloomberg reported some details of the funding round last month.