Mark Matousek / The Information:

Internal data: Brex had Q3 annualized net revenue of $283M, up 1% QoQ, and the company is far from profitable, as the growth spurt after SVB's collapse fizzles  —  Almost no startup benefited more from the collapse of Silicon Valley Bank than Brex, which saw a surge in deposits from young companies …

Mark Matousek / The Information:

Internal data: Brex had Q3 annualized net revenue of $283M, up 1% QoQ, and the company is far from profitable, as the growth spurt after SVB's collapse fizzles  —  Almost no startup benefited more from the collapse of Silicon Valley Bank than Brex, which saw a surge in deposits from young companies …

Source: TechMeme
Source Link: http://www.techmeme.com/231113/p22#a231113p22