Today Brex is launching a new, supercharged banking experience for startups with @Stripe and @Column 🏦 The banking process can be difficult for new founders — especially non-U.S. residents. They often have to wait 5+ weeks for an EIN from the IRS before they can even apply for an account. Then after receiving it, they’re often faced with slow, expensive banking options that make it harder for founders to run their business. Today, we’re solving both problems with two key updates: First, in partnership with @Column, we’ve supercharged the Brex business account — already used by 1 in 3 US startups — to bring you checking, treasury, and vault in one. 💵Checking: Send and receive funds worldwide with no transaction fees on ACH transfers, checks, and domestic wires. 💰Treasury: Earn yield from day 1 with 100% liquidity and easy auto transfers — all with no fees, minimums, or waiting periods (the only player in the space to do this). 🔐Vault: Diversify your funds across more than 20 program banks for up to $6M of total FDIC insurance (20x the national average). Second, in partnership with @Stripe, companies incorporated with Stripe Atlas can now apply for a Brex business account immediately after incorporation. We will also reimburse 100% of the Stripe Atlas cost for Delaware C-Corp Incorporation for new customers ($500 value). Plus, you can begin using your Brex business account immediately, even as you await your EIN! We’re excited to roll this out and fuel your next big idea.

Today we’re announcing our 24’ Summer release at @BrexHQ! ☀️ AI-powered accounting with continuous close (first software ever to do so), two completely redesigned products, and a blazing-fast new UI with 100+ improvements that make Brex the most powerful *and* simple it’s ever been Six years ago, we started Brex as a corporate card designed by a tech company, not a bank. We grew quickly along with our customers, and built so many products as they scaled – like global capabilities, robust expense policies, live budgets and more. Our product depth is why 120+ public companies rely on Brex every day to run their businesses. But back in December, we decided to look inward. We realized that building so much, so quickly, sometimes came at odds with our original vision of simplicity. We made our main priority for this year to deliver not just the most powerful spend platform on the planet, but also the most simple, thoughtful and delightful user experience for founders and Finance teams. We had to completely change how we run the company to make this release happen and I’m so proud to share it with you–as it’s our largest and most polished release to date. Key highlights: 📕 A new AI-based accounting workflow that allows customers to achieve continuous close and close the books every day – the nirvana of accounting. 💳 A new Card Control Center that makes it easy to manage cards and limits at scale (whether you have 5 or 50,000 cards), as well as spend requests that replace janky PO workflows. 💵 Bill Pay with AI-based line itemization, multi-entity support, and the ability to pay bills by card, earning rewards and cashback on spend that was previously going through ACH. 🔎 Redesigned tables, with consistent and blazing-fast responsiveness on filtering, pagination, grouping, sorting, as well as LLM-based search that is 400% faster. 🚀 100+ other updates, such as AI-powered Slack integration, account co-branding, audit trails, sandbox mode, stable credit limits, a new security hub and much more.