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Launch HN: Brex (YC W17) – Corporate Credit Card for Startups

news.ycombinator.com

61–70 of 128 posts

Re: Launch HN: Brex (YC W17) – Corporate Credit Card for Startups

#61
post #55

Henrique and Pedro, parabéns! Congrats on your trajectory so far! You are a real inspiration. Do you happen to have some published interviews or blog post sharing more about your history? I always hear good things about you both, but it is hard to find primary accounts of your trajectory. I wish you the best of luck!

Thanks! YC published an interview with me yesterday. https://blog.ycombinator.com/henrique-dubugras-and-anu-harih... Let me know your thoughts on it :)

Great, thanks! Will listen to it on my way home!

Re: Launch HN: Brex (YC W17) – Corporate Credit Card for Startups

#63
post #51

Got stuck in the signup flow. First, I was super sketched about giving you my bank details. After a while I found the tiny text that says you use a third party, but I couldn't verify that. I decided to trust you since you're a YC company, and put in my creds anyway. To log into my bank, they required me to send a verification code to my phone. The text never came, but your flow has no way to go back and either reques…

Because it’s a 3rd party (we use finicity) there are some issue with some people from time to time :/ Support should contact you soon to help fix it. Noted on making more clear that it’s a 3rd party!

Yup, support is on top of it, thanks!

Re: Launch HN: Brex (YC W17) – Corporate Credit Card for Startups

#68

THIS IS NOT A CREDIT CARD THIS IS A CHARGE CARD

That was covered here: https://news.ycombinator.com/item?id=17419039. If you have a substantive point, great, but you need to tell the reader what it is so we can learn something.

Also, please don't use allcaps for emphasis; it's basically yelling, and the site rules ask you not to: https://news.ycombinator.com/newsguidelines.html.

Re: Launch HN: Brex (YC W17) – Corporate Credit Card for Startups

#69

THIS IS NOT A CREDIT CARD THIS IS A CHARGE CARD

I see your point but 1) credit is being extended albeit only for about 15 days on average and 2) the Brex website appears to refer to the product exclusively as a "Corporate Card".

Re: Launch HN: Brex (YC W17) – Corporate Credit Card for Startups

#70

Earlier quoted context omitted.

1 - chase will require a personal guarantee, what that means is that you’re personally responsible for the credit card. Your ssn is on the line. With Brex, we underwrite your company. 2 - our credit algorithm is actually very different and the limit changes according to your bank balances. 3 - it’s actually a credit card (technically a charge card), so it has all the protections of a standard credit card, people dont…

Out of curiosity, what happens in the unfortunate case of a startup closing shop while still carrying a Brex balance? Ie, does Brex have some legal senior debt-holder claim against the company’s assets? And what happens to the personal credit history of the founders, does it remain untarnished since they were never personally responsible?

We don’t allow people to carry a balance, it’s technically a charge card. Personal history is never toched
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