Partnerships / Acquisitions

Brex Teams With BigCommerce To Offer Merchant Financing

Brex Teams With BigCommerce To Offer Merchant Financing

Corporate eCommerce card company Brex has announced a partnership with leading SaaS eCommerce platform BigCommerce, according to a release.

Brex’s open credit line, three-month payment terms and interest-free financing are now available to all BigCommerce merchants through the BigCommerce App Store.

In addition to the BigCommerce partnership, Brex also announced that online growth marketing platform Klaviyo was joining the Brex eCommerce rewards program. Any Brex customers who sign up for Klaviyo service will get a 15 percent subscription reduction for half a year.

“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.

This means any customers looking for short-term capital solutions and payments can easily apply to Brex inside the BigCommerce platform. Also, BigCommerce customers get benefits like instant online underwriting with no personal guarantees, bigger limits and better rewards by using the Brex credit card. They can purchase things like ads, software and inventory, as well as other products that will help run a business.

“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.”

Since launching in February of 2019, Brex eCommerce has gotten a lot of traction from customers, the company said. It has also formed a number of strategic partnerships, including ones with Amazon Web Services, Shippo, Zentail, Stitch Labs, Clear Channel Outdoor and the most recent, 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,” said Justin Wang, CEO of LARQ. “LARQ has scaled quickly and efficiently by jointly leveraging the BigCommerce eCommerce platform and the Brex payments offering.”

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