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Brex cuts 20% of staff amidst reports of stalled growth, high burn

Expense management startup Brex, which was valued at $12.3 billion two years ago, laid off 282 people, or about 20% of its staff today. The once high-flying fintech startup sent a note to employees (that was also published on the company’s website) today, announcing the news. In addition, Brex announced that its COO, Michael Tannenbaum, is transitioning from his role to become a board member.

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Fintech M&A gets a big boost with Visa-Pismo deal

It was a very busy week in the world of fintech, which certainly kept us on our toes. We covered a couple of notable M&A deals (including one.

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