Company’s SaaS payments platform enhances Brex processing capabilities
REDWOOD CITY, Calif. – June 25, 2019 – i2c inc., a leading global provider of digital banking and payments processing technology and infrastructure, is proud to announce that Brex, the corporate card that accelerates entrepreneurs and scaling businesses, is leveraging the i2c payment platform to power the next phase of growth and rapid innovation.
As Brex has skyrocketed in popularity, so too has the maturity of its client base. As a result, Brex has expanded its initial offering, which addressed the needs of early stage startups, to address both the evolving needs of its existing clients and a new segment to drive growth for the company. Brex now focuses on larger tech companies including ecommerce brands and businesses in the life sciences industry. Features include more detailed accounting controls, the ability to review and approve purchases, and integrations with popular accounting solutions.
“Brex’s focus on innovation in corporate credit cards aligns well with i2c’s mission to provide the most configurable and stable payments platform in the industry,” said Joseph DeRosa, EVP of Global Sales at i2c. “i2c’s ability to manage flexible corporate account structures, department and employee level control, and easy administration of expenses is a perfect fit.”
i2c’s agile payment platform offers advanced APIs and a robust suite of program management tools and controls which allows issuers and program managers to quickly launch programs, customize card features and functionality, and effectively communicate with cardholders to drive growth and best of class payment products in an everchanging market.
“Working with i2c has been a great enhancement to our payments processing capabilities,” said Cosmin Nicolaescu, Vice President of Engineering at Brex. “i2c’s flexible issuer processing platform gives us room to expand faster than before. This will enable Brex to deliver more innovative solutions to an even broader range of customers moving forward.”
About Brex
Brex is transforming B2B payments by creating corporate cards, rewards, and travel programs that are tailored to specific industries. In 2018 Brex launched the first corporate card and rewards program specifically designed for startups. By rebuilding the credit card tech stack from the ground up, Brex is able to reimagine every aspect of corporate cards, including underwriting, transparency, and approvals, to create a radically better experience for customers. Brex is backed by Y Combinator Continuity, Peter Thiel, Max Levchin, and more and has raised $315M in equity and $100M in debt capital. The company’s headquarters are in San Francisco.
About i2c Inc.
An award-winning global financial technology innovator powering credit, debit, prepaid, core banking, and money movement solutions, i2c unifies banking and payments in an all-in-one platform, transforming product personalization with a customer-centric architecture and accelerating speed-to-market with composable building-block solutions. Financial institutions and fintechs globally trust i2c to help them quickly and efficiently configure and scale differentiated financial offerings in an evolving, competitive market. Powered by innovation and driven by trust for more than 24 years, i2c blends modern ingenuity with expert reliability to supercharge exceptional banking and payments experiences for millions of users and billions of transactions worldwide.
For more information, visit i2cinc.com and follow us at @i2cinc.