hdubugras

We will use your transaction data for underwriting purposes. We contractually have the ability to commercialize your data in an aggregate way, so for example we could say “starups on brex are spending more money on saas every month this year compared to last year”. But never the name of specific information about your company. Don’t worry, your competitors won’t have access to your data.

We don’t allow people to carry a balance, it’s technically a charge card. Personal history is never toched

Let me know your thoughts :)

Thanks! Excited to enter this space.

Because it’s a 3rd party (we use finicity) there are some issue with some people from time to time :/

Support should contact you soon to help fix it. Noted on making more clear that it’s a 3rd party!

Oh glad that worked out!

1 - makes sense... thanks for the feedback

2 - integrating stripe as a datasource for underwriting is definetly in our roadmap!

Thanks! YC published an interview with me yesterday.

https://blog.ycombinator.com/henrique-dubugras-and-anu-harih...

Let me know your thoughts on it :)

Who did we nab?

Thanks for feedback on pricing! Promo will be over Saturday :)

Thanks for the feedback! As soon as Saturday the promo will be over :)

1 - chase will require a personal guarantee, what that means is that you’re personally responsible for the credit card. Your ssn is on the line. With Brex, we underwrite your company.

2 - our credit algorithm is actually very different and the limit changes according to your bank balances.

3 - it’s actually a credit card (technically a charge card), so it has all the protections of a standard credit card, people dont have access directly to your balance like a debit card.

Does that make sense?

Probably not... most of the applications that are approved have some sort of 3rd party person/institution financing them. If you do end up raising money, then it’ll be right! Over time we hope to improve our credit model to support more bootstrapping startups

It works for existing customers! But it needs to be the first aws credits you’ve ever got. If you got AWS credits from someone else before, it wouldn’t be applicable.

1 - Today with Brex if you signup and have Brex be your primary card you get: $5k of AWS, $105 in Doordash and $105 on Instacart. Although we're building a new rewards program that will launch later this year, would love to hear your thoughts on what a great rewards program looks like for you.

2 - Interesting thought on the payment! Will investigate it. On the AML/KYC by regulation we can't rely on another party, we have to do our own :/

3 - Working on it!

We partnered with AWS :)

Today with Brex if you signup and have Brex be your primary card you get: $5k of AWS, $105 in Doordash and $105 on Instacart.

Although we're building a new rewards program that will launch later this year, would love to hear your thoughts on what a great rewards program looks like for you.

And thnaks on the feedback on the clarity around the rewards - will improve!

Also - we're building a new rewards program and would love to know your thoughts on what a great rewards program would look like for you.

Oh and thanks for the compliment on the landing page!

If you signup for Brex and make Brex your primary card you get $5k AWS credits + 105$ on Instacart and Doordash.

You can easily create a virtual card for vendors and set low limits! But we don't support webhooks yet, but good idea. We don't believe in single-use payments because it's a pain to manage multiple card number, but we soon we'll have the ability to restrict a card to a vendor/category so you can just add specific payment abilities to the same card number.

Thanks for the feedback. Coming recently from Brazil, we're still learning the appropriate language for a lot of things, since we mostly learned english from Brazilian english schools. So when we saw this page, it didn't occur to us that this was an offensive term. What are your suggestions of more appropriate terms? Just cannabis?

Thanks! Happy you guys like it :)

Thanks!!

It's technically a Charge Card, which is a type of credit card that doesn't allow you to keep a balance. https://en.wikipedia.org/wiki/Charge_card

One of the parts is integrating with Visa, which for authorization purposes does not have an API, it speaks ISO 8583. There is a lot of other things we built from scratch, like statementing, collections, ledger, user management, etc.

Hey! So the way we do it is that when you signup for Brex you link your bank account. We use that data + investor data to try to predict the ability to pay instead of looking at financial history. The caveat there is that your limit can go either up or down with time, depending on your cash burn, fundraising and other factors. That's why we're only working with startups, because they're very predictable in terms of cash spend. They raise rounds, spend money, raise another round or die.

A friend of mine uses them and he says they increased his revenue by 40%!