Brex Adds Merchant Financing Capabilities to BigCommerce App Store
Brex, the first corporate card for ecommerce, announced its partnership with BigCommerce, the world’s leading SaaS ecommerce platform for established and rapidly-growing businesses. Brex’s open line of credit with 60 day payment terms and interest-free financing is now available to all BigCommerce merchants through the BigCommerce App Store. In connection with this launch, Brex also announced that Klaviyo, the growth marketing platform for online businesses, joined the Brex ecommerce rewards program. All Brex customers who sign up for Klaviyo will receive a 15% subscription price reduction for six months.
“Brex continues to invest in its ecommerce offering, and building new, high quality partnerships with ecommerce platforms is a critical component of that strategy”
“Brex continues to invest in its ecommerce offering, and building new, high quality partnerships with ecommerce platforms is a critical component of that strategy,” said Henrique Dubugras, co-founder and co-CEO of Brex.
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Customers looking for payments and short-term working capital solutions can now seamlessly apply to Brex within the BigCommerce platform. Moreover, BigCommerce customers can enjoy all the benefits of Brex including instant online underwriting without personal guarantees, higher limits, and high quality rewards by using their Brex credit card to purchase inventory, ads, software and other services they need to run their businesses.
“Our partnership with Brex further illustrates our commitment to providing merchants access to the highest-caliber technologies and service providers available in the industry,” said Russell Klein, Chief Development Officer at BigCommerce. “Brex shares our desire to help merchants sell more and grow faster to maximize success, and we look forward to working together to mutually support customers.”
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Since its launch in February 2019, the Brex ecommerce offering has gained significant customer traction and has formed partnerships with companies including Amazon Web Services, Shippo, Zentail, Stitch Labs, Clear Channel Outdoor, and most recently Klaviyo.
“As a direct to consumer brand on BigCommerce, we have benefited tremendously from the Brex offering, which is perfectly tailored to the financial needs of growing eCommerce businesses. LARQ has scaled quickly and efficiently by jointly leveraging the BigCommerce eCommerce platform and the Brex payments offering,” said Justin Wang, CEO of LARQ.
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