Case study / Ecommerce
Deep dive into Andie Swim’s 60-day float
The Brex Difference
Application & Removal Time
Ads, inventory, shipping
Top Spend Categories
New York, NY
A female-led direct-to-consumer brand, Andie Swim is disrupting the market for quality swimsuits that fit at approachable prices.
Andie Swim needed a higher credit limit to purchase inventory. "We found it egregious that other banks were unwilling to grant us a practical spend limit without a personal guarantee," said Melanie Travis, founder and CEO.
Summer is busy season. It was critical for Andie Swim to access the capital they needed to accommodate demand. "We discovered the Brex card for ecommerce just before our busy summer selling season. Being able to access a line of credit 8x - 10x higher than anything else available on the market couldn't have come at a better time."
The net 60 day terms, zero interest, and no additional fees was helpful for managing cash flow, seasonality, inventory, as well as paying for advertising. "The 60 day float gives us more than enough time to make a return on any ad spend that we were using Brex to finance,” said Travis.
Access to a higher credit limit enabled Andie to scale sales. "Before Brex, we knew that we could generate an attractive return on our ad and inventory investments; we just didn't have access to capital to make those investments,” Travis explained. “Brex not only gave us access to the capital we needed, but also it gave us peace of mind knowing we were making those investments at the lowest possible cost of capital."
Brex is committed to helping ambitious companies grow. "Brex has been integral to the growth of Andie. It’s a partner that's literally scaled with us, extending us the credit we needed to meet our goals while drastically improving our capital efficiency."
The Brex Mastercard® Corporate Credit Card is issued by Emigrant Bank, Member FDIC. Terms and conditions apply. See the Brex Platform Agreement for details.
Brex Inc. provides a corporate card. Brex Treasury LLC is an affiliated SEC-registered broker-dealer and member of FINRA and SIPC that provides Brex Cash, a program that allows customers to sweep uninvested cash balances into certain money market mutual funds. Investing in securities products involves risk, including possible loss of principal. Neither Brex Inc. nor any of its affiliates is a bank. Please see brex.com/cash for important legal disclosures.