Corporate cards issuer Brex and Bank of the West have introduced a new co-branded card for emerging firms and small multinationals in the US.
The new co-branded corporate card is available via Bank of the West’s Innovation Hub. It does not require a security deposit or credit history in the US.
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With the card, the bank’s commercial clients will receive Brex’s payment offerings such as underwriting, expense management and rewards.
The card also offers benefits associated with Brex cards, including simple card issuance, expense management and automatic capture of receipts.
Bank of the West and Brex are offering a 30,000 Brex rewards points signup bonus on $1,000 spend.
Bank of the West senior executive vice-president Jean-Marc Torre said: “We are pleased to offer this new corporate card with Brex to our clients, providing them with access to the resources and funding growth companies and entrepreneurs need.”
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By GlobalDataThe partners launched a pilot programme for the co-branded corporate card in the second quarter of this year. Based on the response, the bank is planning for a wider launch to its commercial clients in North America.
Brex co-founder and co-CEO Henrique Dubugras said: “This strategic relationship with Bank of the West provides us with the ability to meet our customers wherever they are: online, in brick-and-mortar, or a combination of both.”
In February this year, Brex launched a new credit card for e-commerce businesses. The new product with Bank of the West is said to be the company’s first co-branded corporate card.
