Brex gains EU license to issue cards and expand services, with the UK as its next target for corporate spend management growth.
Matilda
Brex Secures EU License, Plans UK Growth
Brex, a leading corporate spend management company, has achieved a significant milestone that could reshape how European businesses handle expenses. The company has secured licensing to operate in the European Union, enabling it to directly issue credit and debit cards while offering its spend management tools across all 30 EU countries. Previously, Brex could only serve companies with a U.S. presence, despite supporting over 60 currencies globally. This expansion opens the door for startups and established firms across Europe to access Brex’s financial solutions without workarounds. The move signals a major step toward its broader international ambitions, with the United Kingdom in its sights as the next market for growth. Image Credits:Brex Brex’s EU Licensing Milestone
Securing an EU operating license is no small feat for any financial services provider, especially one that specializes in corporate spend management. This achievement means Brex can now directly provide its core offeri…
