Re:How the founders of Brex built a billion-dollar business ...
by typpo on Saturday October 06, 2018 @02:47PM
(#18156598)
Many of the posters in this thread miss the point, perhaps because they have not tried to get a credit card for their startup or small business.
Even if you have millions in the bank, the process of getting a card is long and tedious. It took me weeks, hours of phone calls, visits to the bank, and affected my personal credit. In the end a well-known card provider gave us a $5000 limit. We sometimes put that much on the card in a few days, and autopay is monthly, so someone had to manually monitor the card balance just to keep the card working.
The experience of being a small business that wants to use a credit card sucks. It's not even a little surprising to me that Brex is doing great.
Even if you have millions in the bank, the process of getting a card is long and tedious. It took me weeks, hours of phone calls, visits to the bank, and affected my personal credit. In the end a well-known card provider gave us a $5000 limit. We sometimes put that much on the card in a few days, and autopay is monthly, so someone had to manually monitor the card balance just to keep the card working.
The experience of being a small business that wants to use a credit card sucks. It's not even a little surprising to me that Brex is doing great.