Building the financial operating system of the future
We’ve long felt there is an acute need for a new kind of business financial operating system. One built for ambitious companies that could drastically reduce the time needed to run what should be simple workflows. One that lets them focus on growth, rather than managing their cash. And one that provides a delightful and elegant experience to the user. We have first-hand experience with the challenges that come with launching a company, and know many of our customers face the same challenges. So we built one from scratch.
Allow us to introduce Brex Cash*. It’s a cash management account that you can set up minutes after you close your first funding round or after you decide you want to open a Brex corporate card account. You earn a yield of 1.6% or more*, and Brex rewards points on every payment type the way you would on a credit card—including ACH (even payroll) and inbound and outbound wire transfers. There are no fees charged to the user on any of these transaction types*. And we’ve simplified the experience to get payments and transfers done in seconds—not in the minutes or hours you’re used to spending.
We set out to build a product that is not simply bolted on to existing bank software and infrastructure. Just as we built the Brex card by rethinking the traditional underwriting model of corporate credit cards, Brex Treasury is now doing the same with cash management accounts, by offering a product that reflects how the future of banking services should look. It’s the same approach we’ve taken with our integrations and control features to help later stage companies scale, such as our recent launch of the first corporate credit card integration with Oracle NetSuite, also built from the ground up.
Brex rewards companies for investing in their own growth. That’s why Brex Cash is changing the standard of cash management account rewards. Every Brex Cash customer will get 200 Brex rewards points per ACH and 50 points per wire transfer, every time. There’s no limit to the rewards you earn, and Brex Cash points can be combined with Brex card points and used for statement credits on your Brex card, redeemed for travel, or transferred to our multiple airline partners, including JetBlue, Star Alliance, Oneworld, and SkyTeam.
When we start to build a product, we start with our customers—building for not just the next few years, but the next ten. Brex Cash is our next step in helping to accelerate entrepreneurs and help our customers scale.
1. This post describes a product offered by Brex Treasury LLC, a subsidiary of Brex Inc. Brex Inc. offers a corporate credit card.
Brex Cash allows customers to sweep uninvested cash balances into certain money market mutual funds. You could lose money by investing in a mutual fund. Although the fund seeks to preserve the value of your investment at $1 per share, it cannot guarantee it will do so. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund's sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time.
Member of SIPC. Securities in your account protected up to $500,000. For details, please see www.sipc.org.
Please see brex.com/cash for more information and important disclosures. Brex Treasury is a registered broker-dealer and member of FINRA, and is not a bank. For further information about the background of Brex Treasury LLC, please see www.brokercheck.finra.org.
2. Yield is based on 7-day subsidized yield as of the date of this post but may change at any time. Past performance is no guarantee of future results. Please see brex.com/cash for more information, current yields, and important disclosures.
3. Brex Treasury does not charge customers fees for these types of transactions; however, certain additional fees and charges may apply. See brex.com/cash for more information.