Brex earns money through swipe fees, deposit interest, foreign exchange conversions and software subscriptions.
SALT LAKE CITY: Brex, one of several financial technology (fintech) startups that’s considering an initial public offering, wants to make sure it’s ready to present investors with a predictable business before it decides on pursuing the move, according to chief executive officer Pedro Franceschi.
“It’s easy to go public, it’s hard to be a public company with low volatility and very high predictability in the business,” Franceschi said in an interview, adding that Brex plans to be cash flow positive by the middle of this year.
