Re:Why am I no longer qualified to be a Brex customer?
by tzs on Friday June 17, 2022 @10:00AM
(#31778274)
> Back in April we launched Empower, and we decided to put the full weight of Brex towards building the best global payments platform for tech startups and larger companies.
The "larger companies" part is surprising to me. I would have expected that larger companies have already figured out good ways to handle global payments. Global commerce by large companies has been common for decades and so I'd expect there would be large, efficient, well established services supporting that.
It is smaller companies being able to participate in global commerce that is still fairly new, and I'd expect that many of the older global payment services that served the larger company's global payment needs aren't designed to scale down for smaller customers.
Thus I'd expect that global payments for smaller companies is where the opportunity lies.
The "larger companies" part is surprising to me. I would have expected that larger companies have already figured out good ways to handle global payments. Global commerce by large companies has been common for decades and so I'd expect there would be large, efficient, well established services supporting that.
It is smaller companies being able to participate in global commerce that is still fairly new, and I'd expect that many of the older global payment services that served the larger company's global payment needs aren't designed to scale down for smaller customers.
Thus I'd expect that global payments for smaller companies is where the opportunity lies.