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A buzzy startup raised $57 million from Peter Thiel and Y Combinator using these 19 slides
A buzzy startup raised $57 million from Peter Thiel and Y Combinator using these 19 slides
Aug 4, 2018, 18:32 IST
The next slide shows the people behind Brex and their credentials, as well as the Silicon Valley A-listers who previously backed Brex.
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The deck lays out the problem Brex is trying to solve. These are real replies from credit institutions where Brex applied for credit cards.
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Even if a startup secures a credit card, it doesn't have a ton of control over how much employees spend or where.
Let's pause. Look at this slide. It's hideous.
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This chart shows the size of the market opportunity.
Then Brex explains how it's going to solve credit cards for startups.
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Brex aims to provide a quick and effective credit card option.
Each slide has one message only to avoid overloading the audience.
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The deck gets into some of the coolest features.
A startup can mandate that large transactions on an employee's credit card require approval before spending. They can also set credit limits by employee, team, or merchant — like a monthly budget for Uber rides.
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Employees can take a photo of a receipt, and Brex will use software to scan the image and match it to a transaction already in the system.
The employer can get a high-level view of where money is going.
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I can't think of anything to say about this slide other than it's ugly.
Fortunately, Brex has the metrics to impress.
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Low churn means customers aren't leaving your product. Data show startups find Brex useful and keep their accounts as they scale.
As customers grow, they spend more on their Brex cards.
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The pitch deck ends by circling back on the mission. Brex wants to reinvent underwriting for startups seeking access to credit cards.
With these 19 slides, it raised $57 million to do just that.