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

Expense management startup Brex, which was valued at $12.3 billion two years ago, has laid off 282 people, or about 20% of its staff today. ....

Pedro Franceschi , Andreessen Horowitz , Camilla Morais , Cosmin Nicolaescu , Jason Mok , Henrique Dubugras , Michael Tannenbaum , Silicon Valley Bank , Mesh Payments ,

BeFake AI To Be Featured On Times Square Billboard During New York Tech Week - And Turns The Spotlight To Its Users

/PRNewswire/ Alias Technologies is excited to announce that its recently released AI-driven social media app – BeFake AI – will be featured in Times Square. ....

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Brex Is Winning Big After SVB Collapse

Brex says it now oversees close to $7 billion in customer money, after startups fled Silicon Valley Bank ....

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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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