They give liquidity and access to the financial system to startups that otherwise will have to go through a lengthy process to get something as trivial as a credit card.
This is not meant to replace access to capital. It's meant to provide the same flexibility that a credit card gives to an employed individual.
It allows small startups companies to simplify the way expenses are managed.
I have worked in a lot of startups where you will need to go and ask one of the founders to buy something that you need for work, because there's only one corporate debit card.
My understanding is that Brex fixes this.
This is not meant to replace access to capital. It's meant to provide the same flexibility that a credit card gives to an employed individual. It allows small startups companies to simplify the way expenses are managed.
I have worked in a lot of startups where you will need to go and ask one of the founders to buy something that you need for work, because there's only one corporate debit card. My understanding is that Brex fixes this.