Brex expands international reach

Spend managment fintech Brex has expanded its Empower platform internationally.

San Francisco-based Brex’s new expansion includes bringing functionality to Brazil, Canada, Israel, Japan, Mexico, Singapore, South Africa, the Philippines, 36 European countries, and more.

Companies using Brex now have the ability to issue cards and locally fund reimbursements in over 20 currencies across 45 countries. 

Brex, which offers corporate cards, expense management, reimbursements, bill pay for businesses, has seen a five-fold increase in the share of spend management users outside the US.

“Our goal is to create an integrated global platform that enables all companies to spend globally and operate locally,” said Henrique Dubugras, co-founder and co-CEO of Brex.

“Not all businesses have the same needs when it comes to their global operations, but Brex is able to help solve for all use cases whether that be managing local spend and compliance for international subsidiaries, reimbursing employees overseas, or paying vendors across the world. Empower is the most comprehensive, global spend management platform," he added.