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Brex Launches New Digital Banking* Products for Startups

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New Checking and updates to Treasury and Vault accounts offer increased saving flexibility and higher yield

New partnership with Column N.A., Member FDIC enables businesses to quickly and easily open new accounts, and avoid transaction fees

SAN FRANCISCO, June 18, 2024 — Brex, the leading all-in-one financial stack supporting 1 out of 3 startups in the U.S.**, today launched new digital banking products and a number of updates to its flagship business account, giving founders access to capital where and when they need it. This launch makes Brex the only spend management platform to marry corporate cards, expense management, bill pay, travel booking, treasury, and banking into one vertically integrated offering.

“Henrique and I started Brex after moving from Brazil to the Bay Area and seeing firsthand the uphill financial battle founders face. Traditional banking is too slow, and even ‘founder-friendly’ neobanks still charge hidden fees and lack global support,” said Pedro Franchesci, Co-Founder and CEO of Brex. “Access to banking and cash is one of the most critical factors for startup success, and we’re proud to be expanding our Banking capabilities to support founders from inception to IPO.”

Brex business accounts now benefit from new advanced security features including comprehensive fraud protection, authentication tools and built-in payment approval flows, all accessible directly from the Brex mobile app with 24/7 support via the app, by phone, or through WhatsApp. Customers can now access three distinct accounts within business accounts to:

  • Confidently open accounts and transfer funds around the world with the new Checking account powered by Column N.A., with no transaction fees on ACH transfers, checks, and domestic wires – plus international wires in over 40 currencies. Opening a Checking account is easy and can be done entirely online.
  • Expand spending power with an updated and fully-integrated Treasury account, making it simpler to oversee and manage funds and earn yield from day one with auto-transfer capabilities and no fees, minimum balance requirements, liquidity restrictions, or waiting periods.
  • Safeguard capital with the updated Vault account, where funds are diversified across more than 20 program banks with up to $6M of total FDIC insurance (20x the national average).

“Banking is highly complicated and heavily regulated, but Column built a new type of bank from the ground up and redefined what a bank could be,” said Brex Head of Startups Jason Mok. “We partnered with Column because their unique approach to banking provides the speed, flexible account model, and API-first approach that no one else can. These aspects are essential to building banking products that power our customersʼ growth.

Brex’s original business accounts launched in 2019, enabling founders to open operating accounts and manage finances from anywhere without ever stepping foot in a bank. And when SVB collapsed in early 2023, Brex and the Brex business account were on the front lines helping founders in new ways. Between March 9 and March 16 2023, Brex took in 4,000 customers and $2 billion in deposits, and within 48 hours Brex established a $1B emergency bridge loan to help impacted companies make payroll. More than 90% of the customers that signed up during the week of the SVB collapse are still active Brex customers, and more than 1/3 of customers now use Brex business accounts.

This comes as the latest of Brex’s commitment to helping the fastest-growing startups get the most out of every moment of their journey from day one. In addition to business accounts, Brex offers a full financial stack for early-stage companies:

  • Get their business off the ground faster by accessing Brex business accounts immediately upon incorporation with Stripe Atlas.
  • Unlock operating capital with higher credit limits — without a personal guarantee — and easily issue corporate cards + reimbursements.
  • Pay vendors faster with automated bill pay and simplify all of your onboarding and payment processes.
  • Extend their runway with over $400K in discounts, founder-friendly rewards, exclusive invites to events with VCs in our network, and more.

To learn more about this new capability and how Brex is giving founder a competitive edge through Banking, visit: https://www.brex.com/journal/brex-startups-modern-banking

*Brex is a financial technology company, not a bank. Checking accounts and banking services provided by Column N.A., Member FDIC. Treasury and Vault are offered by Brex Treasury LLC, Member FINRA and SIPC. Vault accounts allow customers to sweep cash into program banks. Brex Treasury is not a bank nor an investment adviser. Yield is variable.
** Market share of customers activated on Brex out of all US-headquartered startups with <50 employees and have raised a professionally invested round in the last 8 quarters.

About Brex
Brex is the AI-powered spend platform. We transform finance teams from reactive no-sayers to proactive growth drivers. With Brex, companies spend with confidence by empowering employees to make smarter financial decisions from anywhere. Brex provides corporate cards, business accounts, and global payments, plus intuitive software for travel and expenses, that make it easy to plan and track all company spend in one place, in real time. Tens of thousands of companies from startups to global enterprises — including DoorDash, Flexport, and Compass — use Brex to proactively control spend, reduce costs, and increase efficiency on a global scale.

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Barn2Door Secures Growth Funding From Decathlon Capital Partners

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Software company utilizes a flexible, revenue-based funding package to support growth and expansion without dilution

Barn2Door,Inc. a rapidly-growing software company focused on helping farmers sell direct to market, has landed a significant investment from Decathlon Capital Partners. Details of the revenue-based funding transaction were not disclosed.

“We’re looking forward to working with Decathlon, as we know their team understands our goal to make selling direct-to-market a breeze for our current farmer partners, in addition to the many to come.” – James Maiocco, Barn2Door COO

Headquartered in Nashville, Barn2Door will use the funding to expand its investment in new platform functionality and expand its go-to-market and customer service functions. Barn2Door is an all-in-one business solution platform that allows farmers to promote their own brand, sell online or in-person, and save time managing their business.

Janelle Maiocco, Chief Executive Officer of Barn2Door, said Barn2Door aims to make accessing Farm products as easy as possible for buyers. “Our solution enables farmers to sell anytime, anywhere, and to anyone, whether they be wholesale or retail purchasers,” Maiocco said. “We want farmers to build a thriving business. We offer software and services to help Farmers grow their brand, and develop go-to-market strategies informed by best practices and data insights captured from millions of buyers.”

James Maiocco, Chief Operating Officer of Barn2Door, said Barn2Door will repay its investment from Decathlon Capital Partners through its future revenues, thanks to the dilution-free funding package. “We’re looking forward to working with Decathlon, as we know their team understands our goal to make selling direct-to-market a breeze for our current farmer partners, in addition to the many to come,” Maiocco said.

John Borchers, Managing Director of Decathlon Capital Partners, said Decathlon looks forward to supporting Barn2Door as the company continues to grow. “Barn2Door is already serving thousands of farms throughout the United States,” Borchers said. “Decathlon can’t wait to watch the growth trajectory of their software platform as more farmers will take advantage of this easy-to-use solution.”

About Barn2Door
Barn2Door offers software for Independent Farmers to create and promote their brand, sell online and in-person, and save time managing their business. Built for Farmers, Barn2Door enables Farmers to make their products available across all channels and simplify order management. Serving 1000’s of Farms across all 50 States, Barn2Door has become the largest vertical commerce solution exclusively serving Farmers. With data insights gathered across millions of orders, Barn2Door continues to debut innovations to help Farmers increase sales, attract more buyers, and save time.

About Decathlon Capital Partners
Decathlon Capital Partners provides growth capital for companies seeking alternatives to traditional equity investment. Through the use of highly customized revenue-based financing solutions, Decathlon provides long-term growth capital without the dilution, loss of control and operational overhead that often comes with equity-based funding. With offices in Palo Alto and Park City, Decathlon is the largest revenue-based funding investor in the U.S. and is active across a wide range of sectors.

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Managed Wi-Fi solutions provider Airties Opens Software Innovation Center in Bangalore, India for Smart Wi-Fi

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  • New center in Bangalore aims to enhance AI, Cloud, & DevOps capabilities of Airties

Airties, a global leader of managed Wi-Fi solutions for broadband service providers, today announced it has opened its first office in India a new R&D center based in Bangalore, focused on enhancing the AI, cloud, and DevOps capabilities of Airties for use in Smart Wi-Fi deployments.

Airties, headquartered in Paris, France, currently has other significant offices in Belgium, Turkey, and the United States, and employs approximately 400 people around the globe. The new center in India aims to employ around 100 specialized software engineers focused on further extending the capabilities of Airties Cloud management platform. To mark the occasion, the company recently held an official office opening ceremony in Bangalore attended by Metin Taskin, CEO and founder of Airties; Sachin Chickballapur, CTO of Airties; Mujdat Pakkan, Executive Vice President of Engineering; Siddharth Das, General Manager of Airties in India; and local dignitaries including Dr. Ashwath Narayan C. N., Honorable Member of Legislative Assembly, Karnataka, former Deputy Chief Minister of Karnataka and Minister of Electronics, Information Technology – Biotechnology, Science and Technology, Higher Education, Skill Development, Entrepreneurship and Livelihood in Government of Karnataka.

“At Airties, we recognize that our success at enabling leading ISPs to innovate and differentiate comes directly from our ongoing commitment to software R&D,” said Metin Taskin, CEO and founder of Airties. “Our new, world-class software innovation center in Bangalore aims to attract the very best engineers interested in applying their skills to enhance the broadband experience for fiber, cable, and fixed wireless providers the world over.”

“The huge talent pool in India for AI, data science, cloud-native software development, and DevOps will allow us to build an exceptional team that will address our rich feature roadmap, working closely with the other Airties teams, partners and customers worldwide,” said Sachin Chickballapur, CTO of Airties.

Airties’ unique hybrid cloud-edge software architecture leverages both the embedded intelligence in customer premises equipment and the cloud to maximize responsiveness and home Wi-Fi performance. Airties software portfolio includes Airties Edge, smart Wi-Fi software for gateways/routers/extenders, which intelligently directs consumers’ devices (laptops, tablets, phones, game consoles, IoT, smart home devices, etc.) to the best available Wi-Fi access point and frequency band based on real-time network conditions. The software, based on industry standard Wi-Fi EasyMesh™, can also turn existing home gateways into an intelligent Wi-Fi mesh access point, improving the quality and stability of connectivity within the home. Airties Cloud helps monitor and orchestrate Wi-Fi across homes, optimizes broadband gateways and mesh extenders to ensure a better quality of experience, delivers insights on connected devices, and provides APIs to power operator’s customer facing support apps. Airties Orbit, is a continuous test automation platform for broadband service providers, customer premises equipment (CPE) manufacturers, and system-on-chip (SoC) manufacturers to support Smart Wi-Fi integrations and deployments.

Airties has been recognized with many prestigious industry awards, including: “Best Home Wi-Fi Solution Award” from Broadband World Forum; “Best Wi-Fi Service Provider Solution” and “Best Home Wi-Fi Product” awards from Wi-Fi NOW; “Best Wi-Fi Innovation” and “Best-In Home Wi-Fi Network” awards from Wireless Broadband Alliance; “Best Broadband Customer Experience” from Cable & Satellite International; and many others. Additional information about Airties can be found at: www.airties.com.

About Airties
Airties is a leading provider of managed Wi-Fi solutions to operators around the globe. The Smart Wi-Fi portfolio from Airties includes Airties Edge, smart Wi-Fi software for gateways; Airties Cloud management platform and its companion app; Airties Orbit, a continuous test automation platform; and Wi-Fi mesh extenders. Operators turn to Airties for the design, implementation, and ongoing optimization of their customers’ broadband experience. Airties’ customers include AT&T, Deutsche Telekom, Sky, Telia, Telstra, T-Mobile US, Vodafone, and many others.

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Singapore and Indonesia-based RHAD, a Dog Digital Partner, Expands into the Indian Market with a Focus on Creative Storytelling and AR

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RHAD, a leading creative and technology agency and partner of Dog Digital, today announced its expansion into the Indian market. The Singapore and Indonesia-based agency will leverage its expertise in creative storytelling and augmented reality (AR) to empower brands in India.

“We are thrilled to bring RHAD’s unique blend of creativity and technology to the dynamic Indian market,” said Hrishit Trivedi, Chief Storyteller, India, at RHAD India. “India is a hub for innovation, and we see immense potential for AR and creative storytelling to help brands connect with audiences in a more meaningful way.”

Kutbuddin Patanwala, Business Lead, India, at RHAD, added, “I am excited about our future plans to drive growth by enhancing revenue for our clients through our advanced AR/VR digital solutions. We aim to expand our presence, diversify our services, and form strategic partnerships, ensuring we meet our clients’ evolving needs and achieve sustainable success in India.”

RHAD will focus on offering a wide range of services to clients in India, including:

  • Creative Strategy and Development: The agency will help brands develop creative concepts and campaigns that capture attention and drive results.
  • Content Marketing: RHAD.Agency will create engaging content that educates, entertains, and inspires audiences.
  • AR Development: The agency will leverage its expertise in AR to create innovative experiences that allow consumers to interact with brands in new ways.

About RHAD

RHAD, a Singapore-based creative and technology agency, in partnership with Dog Digital (UK) helps businesses accelerate their digital journey and helps brands connect with audiences in a meaningful way. The agency offers a wide range of services, including creative strategy, content marketing, and AR development.

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