Brex raises $300 million

According to TechCrunch, all-in-one finance platform Brex has raised $300 million at a $12.3 billion valuation. Greenoaks is said to be leading the round with participation from existing backers.

Founded in 2017, the San Francisco-based startup offers a finance platform that includes a business account, credit cards, and spend management software. Brex allows companies to send free ACH and wires worldwide, get higher card limits, earn money-saving rewards, and track expenses. Some of its clients include Airbnb and Carta.

Brex also has an insurance angle. The startup has a partnership with Vouch Insurance, offering companies up to 25% savings + 10k Brex Points if they purchase coverage with their Brex card.