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These Y Combinator-backed startups want to build the next Brex



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Unsurprisingly, fintech startups were well-represented in Y Combinator’s W22 batch, with 35 international companies participating and 25 more tagged as crypto-focused. One trend that caught our eye was that at least four startups – from three different regions – referred to themselves as the “Brex for” their particular geography.
For the unacquainted, Brex is a corporate spend company that recently became a decacorn when it raised $300 million at a $12.3 billion valuation. Brex started its life focused on providing corporate cards aimed mainly at startups and SMBs. It gradually evolved its model with the aim of serving as a one-stop finance shop for these companies.
It competes in a hot and increasingly crowded space that also includes Ramp, Airbase, and TripActions, among others. Notably, the company was started by two Brazilian …

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