Brex Launches E-Commerce Credit Card

San Francisco based Brex is launching their second credit card product, this time it is an e-commerce card with a 60-day interest-free credit line; the limits on the card will be on average 3 to 5 times larger than most corporate credit cards and users can make a purchase at any time during the month to then pay 60 days later; the move to e-commerce opens up Brex to a significantly larger market than their previous card and they have found that e-commerce firms pay for a lot of big purchase using cards; so far the firm has seen 0% defaults even as some companies have gone under with their first product; the expect to incur some losses on this card but believe it will help them to refine their credit model. Source.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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