Azran Financial Offers First Corporate Card For Startups

Azran Financial has partnered with Brex to produce the first Brex corporate card for startups. Speaking about the creation of the card, Brex stated that, “Nothing should hold your start-up back. That’s why we built Brex: the card for startups with higher limits, no personal guarantee or security deposit required, and an online application that only takes two minutes.”

Brex is a company committed to rebuilding Business-to-Business (B2B) financial products, starting with the introduction of a corporate card for technology companies, produced in partnership with Azran Financial. According to Brex, they provide assistance to startups of all sizes in getting a card that, “has 20x higher limits, completely automates expense management, kills receipt tracking, and magically integrates with their accounting systems.”

The company was founded by Henrique Dubugras and Pedro Franceschi, who previously founded Pagar.me, a large payment processor in Brazil with over a billion in Gross Merchandise Value (GMV). Brex is backed by the founders of PayPal, Max Levchin and Peter Thiel, Y Combinator, Ribbit Capital, Yuri Milner, and Carl Pascarella, the former CEO of Visa. The company’s investors include Y Combinator, SV Angel, Ribbit Capital, DST, GreenOaks, and IVP.

Joshua V. Azran, founder of Azran Financial, has extensive experience in helping his clients succeed by providing strategic guidance and management of their financial functions. “Joshua is a visionary leader with expertise in public accounting, corporate finance, strategic management, financial restructuring, business valuation, management consulting, and business development. He is skilled at identifying value-added opportunities, implementing solutions, and partnering with professionals at all levels of an organization to ensure the success of financial initiatives,” said Azran Financial. They also noted that he has a reputation for “going the extra mile,” to achieve 100% client satisfaction.

Azran Financial itself is an accounting firm that provides accounting, audit, tax, due diligence, and a variety of consulting services to start-up companies, early-stage Ventures, and growth companies, including but not limited to Angel Investor backed, Venture Capital backed, and Private Equity portfolio companies. “We have a strong focus on Entrepreneurs and Early Stage Startup Growth companies with a significant presence in Silicon Beach. We offer comprehensive outsourced startup accounting services. Founded by a serial entrepreneur and former business consultant, Azran Financial is the commensurate founder’s CPA firm,” Azran Financial said. In essence, the company specialises in providing resources for startups and small businesses.

Azran Financial’s partnership with Brex has led to the creation of their corporate card. The card can be obtained through an instant online sign up process. “Get approved in minutes. Simply provide information about your company and link your corporate bank account. No personal liability, credit checks, or security deposits needed,” affirmed Brex.

The card offers its users protection from fraud, possible through Brex’s 24/7 monitoring policies. Unlike with debit cards, Brex cardholders cannot withdraw physical cash. The card offers greater flexibility and control over cash to its holders with expenses being consolidated over 30 days into a single monthly payment. The card is part of the MasterCard network, and is thus accepted in over 200 countries with no foreign transaction fees or need to set travel alerts.

Brex underwrites all their clients themselves, thus saving them from liability. The cards have no impact on the holder’s personal credit score, and also provides higher limits, usually ten to twenty times that of similar cards. In addition to this, Brex reports cardholder’s on-time payment information to Dun & Bradstreet and Experian to help them build up business credit history.

Brex’s corporate cards have a heavy emphasis on being quick and easy to acquire and use. With virtual cards it is impossible to ever lose the card, and there is no extended waiting period for them to arrive as there is with physical cards. It is also possible to instantly issue new cards and set spending limits on them in real time through the dashboard. Furthermore, Brex‘s cards make it possible to track and control spending by allowing holders to set limits, capture receipts, and read statements with ease. Cardholders can text or email Brex their receipts and they will be automatically matched and uploaded to the holder’s statement. It also offers expense management, which allows for the easy analysis of employee spending—thus simplifying month-end reconciliation.

Brex’s cards present a number of unique opportunities for small businesses and startups while also an extra amount of safety. Those who wish to learn more may contact Joshua V. Azran of Azran Financial.