Why did Brex decide to focus on startups and scaled companies?

When Brex introduced its software platform, Empower, we made the decision to focus our service on startups and scaled companies. We realized we couldn’t successfully serve companies of all sizes at the same time. Unfortunately, this means some of our Brex customers’ accounts will be closed.

Our products are designed for companies that have or will soon reach some level of scale, and inevitably face challenges such as fast-growing headcounts, global workforces, or a significant amount of cash to manage.

We understand changes in financial services can be disruptive and are deeply sorry for the impact this may have on those businesses affected. If you’d like to stay up to date with our current account requirements, you can find them in What are the requirements for a Brex account?.