Case study / Life sciences
Switching from debit to credit cards
The Brex Difference
Application & Removal Time
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Blackfynn enables the development of data-driven, next-generation therapeutics for patients with neurological disease.
Dmitriy Kreminskiy brought over a decade of financial leadership experience to Blackfynn when he joined the team in late 2017. It was already attracting attention and investments, including prestigious grants from the National Institute of Health, due to its method of bringing deep data science expertise to the field of therapeutics development. “When I arrived, we were using a PayPal debit card. As you can imagine, that wasn’t going to cut it. As a startup, it’s hard to get cards from other providers like Amex. I wasn’t sure what to do, but knew we needed an upgrade right away.” Dmitriy started searching for a better card program that would facilitate clean, easy purchasing processes for his team.
Dmitriy read about Brex on TechCrunch and signed up right away. “I wasn’t sure because it was so new, but we were approved in under 10 minutes and that was a really good sign. For me, the value of Brex is that we’re a startup and it’s hard to get a card. Brex fills that niche with a generous credit limit. It’s been great for a company with our needs, and I know it’s going to keep getting better faster than any other card program would.”
Blackfynn’s team runs procurement through a dedicated virtual purchasing card. It also manages T&E cards for seven managers through Brex’s Expensify integration. The combination of rewards value, spending visibility, and custom per-card limits made Brex the clear choice for the growing company.
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.