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Why am I no longer qualified to be a Brex customer?

brex.com

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Re: Why am I no longer qualified to be a Brex customer?

#11
post #8

Mercury is about to get a lot of new clients

Ramp too I think. Somebody should put together a list of startup friendly neobanks.

I think Ramp's requirements were a lot higher than Brex's when we looked for startup neobanks — they required something like 100k in cash or something, which we don't have (lol.)

Re: Why am I no longer qualified to be a Brex customer?

#12
post #6
post #2

So... what alternatives are people moving to? I really liked the dynamic credit card generator, and Brex Travel was luxurious... Also, I'm curious what the new cut off is, and who their new customers are. Is the new downturn causing their "strategy change"?

When I was rejected by Brex, I moved to Mercury. So far so good.

We've been using both Mercury and Brex for different purposes, but I guess we'll go Mercury full-time.

I really hope Mercury doesn't pull the same stunt.

Re: Why am I no longer qualified to be a Brex customer?

#14
CEO of Mercury here.

If you are looking for an alternative, we are 100% committed to businesses of all sizes:

A) the smallest businesses can be the next big startup

B) We maintain strong unit economics at all sizes.

We setup a landing page to get these customers onboarded quickly: https://mercury.com/partner/brex

Re: Why am I no longer qualified to be a Brex customer?

#15

Brex founder here. We've made the difficult decision to no longer offer services to the small business market. 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. With that, we realized we couldn't do a great job serving the small business community at the same time. This has been an incredibly diff…

How do you distinguish between a tech startup and small business?

Not to doxx anyone but I'm familiar enough with the financials of several businesses that would call themselves either depending on the context, and the only meaningful distinction I can think of is venture funding

Re: Why am I no longer qualified to be a Brex customer?

#16
post #12
post #6

Earlier quoted context omitted.

When I was rejected by Brex, I moved to Mercury. So far so good.

We've been using both Mercury and Brex for different purposes, but I guess we'll go Mercury full-time. I really hope Mercury doesn't pull the same stunt.

Mercury is committed to banking customers of all sizes: https://news.ycombinator.com/item?id=31772903

Re: Why am I no longer qualified to be a Brex customer?

#17
post #14

CEO of Mercury here. If you are looking for an alternative, we are 100% committed to businesses of all sizes: A) the smallest businesses can be the next big startup B) We maintain strong unit economics at all sizes. We setup a landing page to get these customers onboarded quickly: https://mercury.com/partner/brex

I've founded many companies of many sizes, from 0 to 85 employees, over the last 25 years.

I've used many business banks in many countries. (Wells, Citi, HSBC, ING, BoA, BNZ, OCBC, DBS, Wise, even private banks.)

But I've never been so impressed and happy with my bank as I am with Mercury.

Mercury continues to impress me, even though right now I'm a super-small-fry, their service, features, and attention are top-notch. I love them. I'm a Mercury fan.

Re: Why am I no longer qualified to be a Brex customer?

#18
post #14

CEO of Mercury here. If you are looking for an alternative, we are 100% committed to businesses of all sizes: A) the smallest businesses can be the next big startup B) We maintain strong unit economics at all sizes. We setup a landing page to get these customers onboarded quickly: https://mercury.com/partner/brex

I would add that Mercury seems to be the top competitor of Brex (SaaSHub https://www.saashub.com/brex-alternatives).

@immad, if you verify Mercury's listing on SaaSHub, I can organize featuring it on the newsletter. Cheers!

Re: Why am I no longer qualified to be a Brex customer?

#20
post #14

CEO of Mercury here. If you are looking for an alternative, we are 100% committed to businesses of all sizes: A) the smallest businesses can be the next big startup B) We maintain strong unit economics at all sizes. We setup a landing page to get these customers onboarded quickly: https://mercury.com/partner/brex

I have been with mercury for around 3 years and very pleased with the service and the software.
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