That is the 19-slide pitch deck two 22-year-olds used to nab $57 million in funding from Silicon Valley
Know-how is shattering legacy monetary techniques that may’t hold tempo with market demand — and Brex is on the forefront. It is considered one of fintechs buzziest startups, aiming to rebuild B2B monetary merchandise beginning with company playing cards for expertise firms.
The corporate was quietly launched in 2017 by Henrique Dubugras and Pedro Franceschi, two 22-year-old engineers who beforehand based Pagar.me, considered one of Brazil’s largest cost processors.
Brex already has greater than 1,000 prospects signed up with the assistance of backing from buyers together with PayPal co-founders Peter Thiel and Max Levchin, early Fb investor Yuri Milner, former Visa CEO Carl Pascarella, and esteemed startup incubator Y Combinator.
And we caught a glimpse of the Collection B pitch deck Dubugras and Franceschi used to win them over.
In it, they lay out a transparent drawback: Know-how startups usually had hassle securing company bank cards — even when they’d thousands and thousands within the financial institution — as a result of legacy banks and card issuers wished to see firm credit score histories, which younger establishments merely could not produce.
They’d a easy resolution: Take away the restrictions of legacy expertise by giving on the spot approval to startups based mostly on their out there money stability, together with cash raised by way of enterprise, quite than credit score historical past.
Within the deck, the founders outlined their plans to assist startups of all sizes immediately get playing cards with greater limits, in addition to computerized expense administration and seamless integration with present accounting techniques.
As a part of our protection of the genesis of immediately’s profitable firms, BI Prime acquired Brex’s permission to supply a glance into the startup’s full 19-slide pitch deck, which incorporates issues equivalent to:
- The startup’s mission
- Key group members and former backers
- The scale of the market alternative
- A step-by-step plan of the right way to resolve bank cards for startups
- Among the card’s coolest options
- Knowledge factors exhibiting the right way to scale the enterprise
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