Brex to IssueWorld Elite Mastercard for Business
Current Brex Cardholders Upgrade to Mastercard World Elite Program for Added Rewards and Benefits
SAN FRANCISCO, CA February 5, 2019 - Brex, today announced that it will start issuing World Elite Mastercardfor Business with an enhanced rewards structure and rich suite of travel benefits. Current Brex cardholders willbe switched to Mastercard’s World Elite programthis month, giving startup founders access toadditionalpersonalized, premium rewards.
“We’ve spent time building our card issuing technology from the ground up, giving us the flexibility to partner with a number of financial platforms. Today we add Mastercardto that list,” said Brex CEO Henrique Dubugras. “We are focused on continuously improving the Brex platform to be the best corporate card for all businesses.”
The Mastercard World Elite program bolsters the already rich rewardsprogram thatBrex cardholders enjoywith enhanced benefits such as access to a luxury hotel and resorts program, emergency travel assistance, travel and rental car insurance, and more. Cardholders will also receiveenhanced anti-fraud benefits such aspurchase protection and ID theft protection benefits that are offered byMastercard. Through the Mastercard network, Brex is focused on providing employees of start-ups tailored access to the value and benefits from their corporate cards, perks traditionally associated with big enterprise companies.
“Mastercard is leading the charge toward imagining and designing payment solutions driven by customer need, not just industry norms,” said Sherri Haymond, executive vice president, Digital Partnerships, North America, Mastercard. “By partnering with Brex, the Mastercard World Elite cardcandeliver on what startups require todayto grow their business and anticipate needs for tomorrow.
In conjunction with its Mastercard launch, Brex is releasing new fraud prevention technology,which givesitscustomers access to a more robust fraud protection program. Cardholders will now enjoy“no questions asked” concierge fraud support, ensuring that Brex customers are never liable for any identified fraud on their cards. Visit www.brex.com for more information.
The card will be issued by Emigrant Savings Bank.
For startups, Brex delivers corporate cards quickly, easily, and with higher limits than traditional corporate cards, instantly and with no personal guarantee. Founded in 2017 by the founders of Brazilian payments processor Pagar.me, Brex is backed by Y Combinator Continuity, Ribbit Capital, Greenoaks, DST Global, Peter Thiel and Max Levchin. Brex participated in the Y Combinator Winter ’17 batch. The company’s headquarters are in San Francisco. For more information, visit www.brex.com.
SutherlandGold for Brex