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> Brex minimizes their risk by offering a charge card versus a revolving line of credit. They also require access to your corporate bank account for liquid asse
by throwawaygh 6y ago
> Brex minimizes their risk by offering a charge card versus a revolving line of credit. They also require access to your corporate bank account for liquid assets information to dynamically extend credit.
For how many businesses is "a charge card for 15% of your cash balance and you're responsible for fraud" substantively different from just using a debit card? (Genuine question -- this isn't a market I realized even exists.)
- toomuchtodo 6y ago30-60 day float plus cash back rebates (1-7 points per dollar depending on spend category). Whether that provides you value is up to your business requirements and cash flow constraints. If you can’t get working capital otherwise (venture backed pre revenue), it’s probably not a bad deal. I’d probably still go with Amex corporate cards and a personal guarantee, based on personal preference, a deep credit file, and a desire to outsource spend exception handling to the bank.