How The Silicon Valley Bank Run Ignited A FinTech Reboot - Henrique Dubugras, BREX

On the heels of the pivotal collapse of Silicon Valley Bank (SVB), I recently talked with Henrique Dubugras, the Cofounder and Co-CEO of Brex, an integrated corporate card and spend management software company that has raised $1.5B in capital. 

 As companies frantically exited their SVB accounts at a record pace, in one of the world’s largest bank runs, Brex moved quickly to attract and support startups by fast tracking applications, maintaining card credit limits, and more than doubling FDIC insurance levels to $2.25M through their partner bank network.  

Smart moves, as Brex has since received billions of dollars of deposits from thousands of SVB clients—and is now looking to potentially raise billions more to help companies with emergency operational and payroll bridge loans.  

Henrique joined me for an episode of The Reboot Chronicles for a fascinating discussion about how they are rebooting the sector, what’s next in FinTech, and provide an exclusive look inside Brex.