Brex, every mention
114 scenes (2022) · ← back to Brex
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every year 2022 anyone Ben Gilbert 74David Rosenthal 47Jason Calacanis 5
Verbatim, from the transcripts: the passages where Brex comes up
Holiday Special 2022 · Acquired
- ▶ 1:13:49 David Rosenthal To talk about our friends at Brex.
- ▶ 1:13:52 Ben Gilbert Let's talk about our friends at Brex.
- ▶ 1:13:54 David Rosenthal What we were planning to do for this sponsor segment for them is actually perfect for this episode.
- ▶ 1:13:59 David Rosenthal We didn't plan it this way, but they wanted to talk about how they've innovated twice, and they have these two successful now separate products, and there really are two products within Brex.
- ▶ 1:14:45 Ben Gilbert And I think this is a great place to talk about Brex's two big innovations.
- ▶ 1:14:49 David Rosenthal Which, you know, they started with corporate card for startups.
- ▶ 1:14:52 David Rosenthal They were the first corporate card for startups.
- ▶ 1:15:20 David Rosenthal The second time that they've innovated recently is for a whole different set of customers, which are large enterprises, because a huge number of those startups that started with Brex have now grown up and matured into large enterprises.
- ▶ 1:15:33 David Rosenthal So what they've gotten into now is not just credit cards, but spend management.
- ▶ 1:15:38 David Rosenthal Brex works seamlessly for spend management across a hundred plus countries and currencies.
- ▶ 1:15:44 David Rosenthal But the even bigger product innovation is they built in compliance and controls to the start of the spend management process, not to the end.
- ▶ 1:16:12 David Rosenthal By Brex's algorithms within compliance gets automatically approved.
- ▶ 1:16:28 David Rosenthal Go to brex.com slash acquired to sign up.
- ▶ 1:16:35 David Rosenthal We put our heads together a couple of weeks ago with the Brex team.
- ▶ 1:16:40 David Rosenthal The community and people who sign up with acquired, you can, if you sign up for Brex via that link, or if you have already in the past signed up for Brex because you heard about them on acquired, just email us, let us know.
- ▶ 1:16:59 Ben Gilbert Our thanks to Brex for a great, great season.
- ▶ 1:17:05 David Rosenthal Those are in the show notes, uh, and on the website, but thank you, Brex.
- ▶ 2:20:12 Ben Gilbert Our huge thank you to Vanta, to our good friends at Brex, and to our friends at Tiny.
- ▶ 2:20:20 Ben Gilbert As mentioned on Brex, sign up, brex.com slash acquired, and you can get
Stratechery (with Ben Thompson) · Acquired
- ▶ 1:02:44 Ben Gilbert They integrate with the APIs of all the modern startup-grade platforms like Stripe and Brex, Gusto, Shopify, Square, etc.
Enron · Acquired
- ▶ 2:53:17 Ben Gilbert They integrate with APIs, as you know, from modern tools like Stripe and Brex and Gusto and Shopify and Square.
Qualcomm · Acquired
- ▶ 1:06:00 Ben Gilbert Well, listeners, for our second sponsor of this episode, we are talking about Brex, and we're doing something a little bit different.
- ▶ 1:06:07 Ben Gilbert Our friends over at Brex are big fans of the community and asked what we could do for the community.
- ▶ 1:06:13 Ben Gilbert So if you become a Brex customer because of hearing about them on Acquired and using the link in the show notes, that's brex.com slash acquired when you sign up,
- ▶ 1:06:21 Ben Gilbert They will send you a free acquired t-shirt, and that also goes for anyone who signed up earlier this season.
- ▶ 1:06:28 David Rosenthal Brex, of course, is a fantastic provider of modern corporate cards and expense software in over a hundred countries, trusted by big companies we've talked about on the show, like DoorDash and Pilot, and of course, recent LP show guest,…
- ▶ 1:06:43 David Rosenthal Today, though, we want to talk about something that we found out that Brex does for their customers that is pretty unique.
- ▶ 1:06:52 David Rosenthal We were getting coffee with the Brex team in San Francisco a couple of weeks ago, and we
- ▶ 1:06:57 David Rosenthal Found out from them that for their customers, they do billboard rewards.
- ▶ 1:07:05 Ben Gilbert As you would expect, Brex gives points on everything that you and your team buy on the cards.
- ▶ 1:07:10 Ben Gilbert Points, of course, never expire, and while you can choose to use those points for cash, which I'm sure most people do, they also have a crazy way to redeem your Brex points, which is actual billboards.
- ▶ 1:07:22 Ben Gilbert They have a full-service
- ▶ 1:07:29 Ben Gilbert Well, Brex got very good at this in 2018 when you saw them everywhere, and they leveraged all these connections and discounts they negotiated with media companies to extend it to all Brex customers.
- ▶ 1:07:40 Ben Gilbert So you can turn Brex points into out of home advertising in top cities, high traffic locations.
- ▶ 2:06:14 David Rosenthal Pilot, they integrate with APIs of all modern startup-grade fintech platforms like Stripe, Brex, Gusto, Shopify, Square, etc.
- ▶ 2:25:37 Ben Gilbert Our huge thank you to Fundrise, Pilot, Brex, and the Solana Foundation for hosting us at Breakpoint this year.
- ▶ 2:26:36 David Rosenthal It's the perfect time to sign up as a customer for Brex to get one of those.
- ▶ 2:26:46 Ben Gilbert You also get to be a Brex customer, so wins all around.
Benchmark Part II: The Dinner · Acquired
- ▶ 1:07:06 David Rosenthal Some fairly complex fintech stack from Stripe to Friends of the Show Modern Treasury, Gusto, Brex, Shopify, Square, etc.
ACQ Sessions: Jason Calacanis · Acquired
- ▶ 56:36 David Rosenthal Well, this is why, so Brex was one of the first
- ▶ 56:43 David Rosenthal Corporate card for startups, that's how they started.
- ▶ 56:44 David Rosenthal But now, they've added on a whole spend management platform on top of the corporate card, and it makes so much sense for it to all be together, like.
- ▶ 56:55 Ben Gilbert The data being integrated lets them do really great stuff to, like, you want your employees to be compliant, so it ensures a hundred percent compliance.
- ▶ 57:21 Ben Gilbert And they really are thinking about this the way enterprise companies who are expanding globally and deal with lots of contractors in lots of countries with lots of currencies and just need, like,
- ▶ 57:32 Ben Gilbert A command center that they're not gonna outgrow, that is really when you need bricks.
- ▶ 57:59 Ben Gilbert They shared this stat with us.
- ▶ 58:29 David Rosenthal The last thing that we want to tell you about with Brex today is related to being remote in different time zones.
- ▶ 58:35 David Rosenthal Brex now has 24 seven enterprise class, enterprise grade support, which is important because if something goes really wrong with your spend in a time zone half the world away when everybody in HQ is asleep, you really want somebody to be…
- ▶ 58:51 David Rosenthal So Brex now 24 seven is able to take care of everything.
- ▶ 58:55 Ben Gilbert If you have global enterprise ambitions, Brex is the answer.
- ▶ 59:00 Ben Gilbert And of course, they have a great mobile app.
- ▶ 59:01 Ben Gilbert They were like one of the first corporate card programs to have a delightful mobile app, and now that they're serving large, growing customers around the world, they can do everything from that mobile app too.
- ▶ 59:13 David Rosenthal If you want to learn more about Brex cards and spend management, and why both of those together are now loved by
- ▶ 59:22 David Rosenthal Uh, go visit brex.com slash acquired or click the link in the show notes.
- ▶ 59:28 Ben Gilbert Thanks, Brex.
- ▶ 2:13:21 Ben Gilbert Do you want to read our Brex ad?
- ▶ 2:13:25 Jason Calacanis Brex, maybe they have, I don't know.
- ▶ 2:13:28 David Rosenthal Brex, yeah.
- ▶ 2:13:30 Jason Calacanis I know a lot of people who use Brex.
- ▶ 2:13:31 Jason Calacanis I think we use Brex at one of my companies.
- ▶ 2:13:58 Jason Calacanis Shout out Brax.
- ▶ 2:13:59 Jason Calacanis Shout out Brax.
- ▶ 2:23:24 Ben Gilbert We've got Vanta Brex and our friends over at tiny links for each of those are in the show notes.
Benchmark Part I · Acquired
- ▶ 1:36:41 David Rosenthal It runs on Brex.
Amazon Web Services · Acquired
- ▶ 52:58 David Rosenthal Pilot integrates with Stripe, Brex, Gusto, Shopify, Square, you name it.
Howard Marks & Andrew Marks: Something of Value · Acquired
- ▶ 1:10:16 Ben Gilbert For our next sponsor, it's Brex.
- ▶ 1:10:18 Ben Gilbert And last episode, we introduced you to the new Brex, corporate cards and spend management that have zero receipt chasing, but with 100% compliance in over 100
- ▶ 1:10:30 Ben Gilbert Okay, so here's why I'm calling it the new Brex.
- ▶ 1:10:32 Ben Gilbert As many of you know, Brex launched in 2017 as that super simple to use corporate card.
- ▶ 1:10:37 Ben Gilbert They later added a cash management account that was interest bearing, venture debt, and financial modeling tools.
- ▶ 1:10:44 Ben Gilbert But here we are in 2022, and Brex has expanded into the next frontier of spend management software.
- ▶ 1:11:11 Ben Gilbert Well, Brex realized it could fix a lot of this since it's also your corporate card.
- ▶ 1:11:20 Ben Gilbert Since they're now tackling bigger companies and not just startups, they realized they could go a step further.
- ▶ 1:11:48 David Rosenthal So Brex has built spend management software that enables big companies
- ▶ 1:12:10 Ben Gilbert Instead of reacting to expenses after they happen, Breck's customers are empowered to direct spend from the start by creating a budget for each purpose or vendor beforehand.
- ▶ 1:12:21 Ben Gilbert Brex is totally changing the paradigm and flipping it on its head.
- ▶ 1:12:49 Ben Gilbert And by making all this proactive versus reactive, Brex saves everyone the time and headache of expense reports, in policy spending is greenlit automatically, and only the outliers are the ones that actually require manager approval.
- ▶ 1:13:02 Ben Gilbert Brex even flags suspicious transactions using machine learning and AI-driven anomaly detection.
- ▶ 1:13:11 David Rosenthal So, as we mentioned on the last episode, Brex
- ▶ 1:13:52 David Rosenthal She literally complains to me at the dinner table on a monthly basis about this, and Brex solves all of this.
- ▶ 1:14:00 Ben Gilbert Yes, for non-corporate card transactions, these are just a few of the ways that Brex helps big companies proactively manage spend in a way that drives accountability and reduces headaches all over the company.
- ▶ 1:14:10 Ben Gilbert If you want to learn more, you can visit brex.com slash acquired.
- ▶ 1:14:13 David Rosenthal Thank you, Brex.
- ▶ 1:33:30 Ben Gilbert With that, our thank you to Vanta, Tiny, and Brex, and a huge thank you to Andrew and Howard for coming on.
Amazon.com · Acquired
- ▶ 1:49:16 David Rosenthal They integrate with Stripe, Brex, Gusto, Shopify, Square, et cetera, everything.
From NFL to Startup COO to Congressman Regulating Crypto (with Rep. Anthony Gonzalez) · Acquired
- ▶ 1:10:58 Ben Gilbert For our next sponsor, we have Brex.
- ▶ 1:11:01 Ben Gilbert Now, Brex is a company you've definitely heard of, but you may not fully understand.
- ▶ 1:11:05 Ben Gilbert Brex brings together smarter corporate cards, spend management software, and banking alternatives in one mobile-first solution.
- ▶ 1:11:13 Ben Gilbert They make it easy to manage every aspect of your company's spending, from the tiniest purchases to big, massive procurements, so you have total visibility and ownership over everything your company spends on end-to-end.
- ▶ 1:11:26 Ben Gilbert We're gonna be sharing with you this season all the cool stuff Brex can do for you and why it's really unlike anything else out there.
- ▶ 1:11:32 Ben Gilbert I've been seeing more and more of my portfolio companies using them recently and having really great experiences.
- ▶ 1:11:53 Ben Gilbert So you remember who they were when they launched out of YC in 2017, blanketed billboards across San Francisco, New York.
- ▶ 1:12:00 Ben Gilbert Brex was mainly just a corporate card for startups then.
- ▶ 1:12:07 Ben Gilbert You can see why it grew ludicrously fast.
- ▶ 1:12:10 Ben Gilbert So where are they now?
- ▶ 1:12:12 Ben Gilbert Well, they kept reimagining different financial systems for growing and scaled companies because there's a lot more to spend management than just the one sort of piece of plastic that was the entry point.
- ▶ 1:12:21 Ben Gilbert And on top of credit cards, they built something really interesting.
- ▶ 1:12:34 Ben Gilbert Brex is helping companies create a culture of financial discipline that accelerates their business.
- ▶ 1:12:40 Ben Gilbert So like you, Brex's founders love the trust, teamwork, and ownership mentality that startups embody.
- ▶ 1:12:52 Ben Gilbert But Brex noticed that as companies scale and get big, including their own, those things can kind of fade away, which means new policies get implemented that are really blunt instruments and create inefficiency.
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