Brex is opening an office in downtown Seattle.
The Salt Lake City-based fintech giant operates as a “remote-first” company and a spokesperson said the Seattle office will be used “in a hybrid capacity which will allow us to advance competitively.”
The Puget Sound Business Journal first reported the news.
Brex already employs around 60 people in Seattle, and more than 200 across the Pacific Northwest. Brex President Karandeep Anand and VP of Engineering James Reggio both live in the Seattle region.
Founded in 2017, Brex raised more than $1 billion and gained widespread adoption among startups with its corporate card and expense management platform. It was valued at more than $12 billion in 2022.
However, following the tech downturn and companies tightening their spending, Brex laid off 20% of its staff earlier this year and lost two key executives.
The company ranked No. 4 on CNBC’s latest Disruptor 50 list. It has 1,000 employees.
Brex joins a number of other companies that operate satellite engineering offices in the Seattle region.
https://ift.tt/nz8GPW6 June 14, 2024 at 03:34PM GeekWire
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