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Expense management startup Brex, which was valued at $12.3 billion two years ago, laid off 282 people, or about 20% of its staff today. The once high-flying fintech startup sent a note to employees (that was also published on the company’s website) today, announcing the news. In addition, Brex announced that its COO, Michael Tannenbaum, is transitioning from his role to become a board member.
Expense management startup Brex, which was valued at $12.3 billion two years ago, has laid off 282 people, or about 20% of its staff today.
/PRNewswire/ -- Alias Technologies is excited to announce that its recently released AI-driven social media app – BeFake AI – will be featured in Times Square...
Brex says it now oversees close to $7 billion in customer money, after startups fled Silicon Valley Bank
It was a very busy week in the world of fintech, which certainly kept us on our toes. We covered a couple of notable M&A deals (including one...