Business is booming.

These Y Combinator-backed startups want to build the next Brex – TechCrunch


Unsurprisingly, fintech startups were well-represented in Y Combinator’s W22 batch, with 35 international companies participating and 25 more tagged as crypto-focused. One trend that caught our eye was that at least four startups – from three different regions – referred to themselves as the “Brex for” their particular geography.

For the unacquainted, Brex is a corporate spend company that recently became a decacorn when it raised $300 million at a $12.3 billion valuation. Brex started its life focused on providing corporate cards aimed mainly at startups and SMBs. It gradually evolved its model with the aim of serving as a one-stop finance shop for these companies.

It competes in a hot and increasingly crowded space that also includes Ramp, Airbase, and TripActions, among others. Notably, the company was started by two Brazilian-born former teen hackers who were just 22 years old when Brex came to be valued at over $1 billion.

The success of Brex has been mirrored by some of its competitors. Ramp has scaled its spend volume massively since launch, also attracting huge sheaves of cash in the process. Airbase has taken a slightly different tack on the space, with a focus on SaaS over transaction incomes, while TripActions pivoted into corporate spend from an original nexus in the business travel market. Meanwhile, Pluto recently raised funding to become the “Ramp for the Middle East.”

That the U.S. market can support so many competing startups provides context on the size of the market up for grabs. Other countries and regions could prove similar, and startups are taking note, with a number around the world looking to join the corporate spend race:



Source link

15 Comments
  1. jiliko casino login

    jiliko casino login

    These Y Combinator-backed startups want to build the next Brex – TechCrunch – Finance Essence

  2. replacement windows

    replacement windows

    These Y Combinator-backed startups want to build the next Brex – TechCrunch – Finance Essence

  3. เครื่องกำจัดเศษอาหาร

    เครื่องกำจัดเศษอาหาร

    These Y Combinator-backed startups want to build the next Brex – TechCrunch – Finance Essence

  4. 카지노사이트 추천

    카지노사이트 추천

    These Y Combinator-backed startups want to build the next Brex – TechCrunch – Finance Essence

  5. fortune slot 88 rtp3

    fortune slot 88 rtp3

    These Y Combinator-backed startups want to build the next Brex – TechCrunch – Finance Essence

  6. เครื่องกำจัดขยะ

    เครื่องกำจัดขยะ

    These Y Combinator-backed startups want to build the next Brex – TechCrunch – Finance Essence

  7. เครื่องย่อยเศษอาหารให้เป็นปุ๋ย

    เครื่องย่อยเศษอาหารให้เป็นปุ๋ย

    These Y Combinator-backed startups want to build the next Brex – TechCrunch – Finance Essence

  8. free stumble guys gems

    free stumble guys gems

    These Y Combinator-backed startups want to build the next Brex – TechCrunch – Finance Essence

  9. melbourne

    melbourne

    These Y Combinator-backed startups want to build the next Brex – TechCrunch – Finance Essence

  10. apex legends hack pc

    apex legends hack pc

    These Y Combinator-backed startups want to build the next Brex – TechCrunch – Finance Essence

  11. Lamar Lending

    Lamar Lending

    These Y Combinator-backed startups want to build the next Brex – TechCrunch – Finance Essence

  12. sbobet 88

    sbobet 88

    These Y Combinator-backed startups want to build the next Brex – TechCrunch – Finance Essence

  13. gacor24

    gacor24

    These Y Combinator-backed startups want to build the next Brex – TechCrunch – Finance Essence

  14. momandsonsex

    momandsonsex

    These Y Combinator-backed startups want to build the next Brex – TechCrunch – Finance Essence

  15. 온라인카지노 추천

    온라인카지노 추천

    These Y Combinator-backed startups want to build the next Brex – TechCrunch – Finance Essence

Comments are closed, but trackbacks and pingbacks are open.