US fintech Brex secures $235m revolving credit facility with Citi and TPG Angelo Gordon
Expense management platform Brex has secured a $235 million revolving credit facility with Citi serving as the senior lender and investment platform TPG Angelo Gordon also participating.

Brex secures $235 million credit facility to expand its corporate card offering
Founded in 2017, Brex claims that its solution is utilised by over 30,000 companies across 120 countries, including the likes of DoorDash and Compass, facilitating “tens of billions of dollars in transactions” annually.
The US-based fintech intends to use its new facility to expand its corporate card offering, alongside its suite of expense management, travel, banking and bill pay solutions.
Latest updates to Brex’s corporate card offering include the launch of an AI-powered accounting tool with real-time financial closing, a card management hub, and a user interface featuring over 100 enhancements, all of which were rolled out in the summer.
In addition to this new facility, Brex previously completed its third securitisation transaction in March, issuing $260 million in charge card asset-based notes, and also maintains additional warehouse facilities with Barclays Investment Bank and Credit Suisse.
“This credit facility, which follows our largest and most robust securitisation to date, allows us to further scale our card solution and empower our customers in making every dollar count,” states CFO Ben Gammell.