Reported about 5 hours ago
Brex, a fintech startup, is eyeing $500 million in annual revenue by 2025 as it prepares for a potential IPO. CEO Pedro Franceschi emphasized the need for a predictable business model to attract investors, following a challenging period impacted by rising interest rates and reduced venture funding. After cutting costs and staff, Brex aims to enhance client focus and profitability.
Source: YAHOO