Brex refocuses on startups with hire of SVB veteran, ex-a16z partner

Just over one year ago, spend management decacorn Brex declared that it was “less suited to meet the needs of smaller customers” in an announcement that caused shock waves in the startup community.
While Brex soon clarified that by smaller customers it meant small to medium-sized businesses and non-funded startups, the move still felt like a stunning reversal, considering the company had started its life as a credit card company for startups. The announcement came about two months after Brex announced a “big push into software” and that it was placing greater emphasis on moving upmarket to ser

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