As Brex exits the SMB space, its CEO says that doesn’t include startups… at least the funded ones

Brex’s decision to stop serving SMB customers surprised many in the startup and fintech community. 
TechCrunch spoke with CEO and co-founder Henrique Dubugras to learn more about what drove the decision, and to get clarity around exactly who is affected.
Firstly, Dubugras emphasized that the company “remains committed to startups.” When asked about the criteria in which it determined which businesses would be impacted by its move, he said that Brex chose to no longer work with any businesses that did not have some sort of “professional” funding – either venture capital, angel money

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