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Brex Valuation Jumps to $7.4 Billion With Tiger-Led Investment

  • TCV, Ribbit Capital are among firms investing in the startup
  • Fast-expanding fintech sector is attracting venture capital
Henrique Dubugras
Henrique DubugrasPhotographer: David Paul Morris/Bloomberg

Brex Inc., the San Francisco startup looking to disrupt the corporate card market, raised $425 million in a funding round led by Tiger Global Management.

The latest round -- which drew investment from firms including TCV and Ribbit Capital -- values the four-year-old startup at more than $7.4 billion, Brex said Monday in a statement.