The billion dollar company Brex has launched its new rewards program in partnership with Amazon Web Services, WeWork, Instacart, Google Ads, SendGrid, Salesforce Essentials, Twilio, Zendesk, Caviar, HubSpot, Orrick, Snap, Clerky and DoorDash.
With this partnership, the company aims to give entrepreneurs the ability to accrue and spend points on services and products they use regularly. The venture is owned by two 22-year-old serial entrepreneurs who are well aware of the costs associated with building a startup.
“We didn’t want it to be something that everyone else was doing so we thought, what’s different about startups compared to traditional small businesses?” Brex co-founder and chief executive officer Henrique Dubugras said.
Brex is basically a corporate card built for startups. Most corporate cards provide similar benefits for travel and restaurant expenses, but Brex is in a league of its own with the rideshare benefits its offering and especially with the recurring software benefits.
The company based in San Francisco has raised about $200 million as of now from investors including Greenoaks Capital, DST Global and IVP.