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I think what the parent is suggesting is, Brex seems to have practically no moat. If one day, say, Amex, which is already a huge issuer of business credit / cha
by HeavenFox 6y ago
I think what the parent is suggesting is, Brex seems to have practically no moat. If one day, say, Amex, which is already a huge issuer of business credit / charge cards, decides to eat Brex's dinner, can Brex survive?
- icelancer 6y agoFor us, the consumers, do we care? If AMEX was gonna do this, they would have done it by now. If they buy/eat Brex, we still benefit from expanded financial instruments.
- nrp 6y agoAmex actually did launch a startup targeted charge card that doesn’t require a personal guarantee, presumably to compete with Brex. Brex’s gameplan though seems to be a full set of financial products targeted at startups that integrate well together, like per-employee charge cards, cash accounts, and revolving lines of credit. In that sense, they would start to look more like a streamlined and modernized (but riskier) SVB.