IPo Walsful Bree scored the big victory to sell in the EU, plan the UK expansion

Financial services provider BX Thursday has advertised that he has a great stage: is now licensed in the European Union. That means that it can now issue credit cards and offers his / her products in all 30 eu with “no coverage and CEO pedrop wrote In a blog post. I am

While the previous corporate management expenses 60 currents in 200ogs in 200 countries, could only sell their products to the companies with a US presence.

With expansion, Brex is now authorized to selling Management of Spending) and other tools as Eppications Exters, a spokesman. However, there is a caveat: bank and bill pay will not be initially available. The company hopes to roll those services in the future.

While this is good news for Brex, can also be a new news for European steps. The Brex requests offers handling management startups for their employees without a bank account that you offer, younengest UE principles always have to always have their options.

Question later, youTl to expand Barge Brex in the United Kingdom: Even if you don’t offer sensifics in those plans.

French textures he said in December May Brex is on the track to stop burning money in 2025, “a major important to our future IPO”.

In February, sources said about different news that Brex was on the verge for $ 500 million in the income this year. It is enough turnaround from a shutdown moment in 2023 when Brex has conducted the scarred to the employees whose cash raw was too high. There was no suggestion but until that Ipo can be done, however.

The competitive victory of the international market comes as their US competitors, have a general moment. Ramp was raised money from vcs as mad, hit a $ 22.5 billion assessment only 45 days after once with a $ 16 billion rating. In March, Mercury raised a $ 300 million $ 300 and doubled his rating at $ 3.5 billion.

Brex has not advertised publicly advertised new vc equity from 2022, when raised $ 300 million in D-2 round series to $ 12.3 billion assessment. Did, however, sure of a $ 260 million debt in 202224appealing from their sprs of management, to help pay their cash intensive mistake.