Brex, today announced that it will start issuing World Elite Mastercard for Business with an enhanced rewards structure and rich suite of travel benefits. Current Brex cardholders will be switched to Mastercard’s World Elite program this month, giving startup founders access to additional personalized, premium rewards.
“We’ve spent time building our card issuing technology from the ground up, giving us the flexibility to partner with a number of financial platforms. Today we add Mastercard to that list,” said Brex CEO Henrique Dubugras. “We are focused on continuously improving the Brex platform to be the best corporate card for all businesses.”
The Mastercard World Elite program bolsters the already rich rewards program that Brex cardholders enjoy with enhanced benefits such as access to a luxury hotel and resorts program, emergency travel assistance, travel and rental car insurance, and more. Cardholders will also receive enhanced anti-fraud benefits such as purchase protection and ID theft protection benefits that are offered by Mastercard. Through the Mastercard network, Brex is focused on providing employees of start-ups tailored access to the value and benefits from their corporate cards, perks traditionally associated with big enterprise companies.
“Mastercard is leading the charge toward imagining and designing payment solutions driven by customer need, not just industry norms,” said Sherri Haymond, executive vice president, Digital Partnerships, North America, Mastercard. “By partnering with Brex, the Mastercard World Elite card can deliver on what startups require today to grow their business and anticipate needs for tomorrow.
In conjunction with its Mastercard launch, Brex is releasing new fraud prevention technology, which gives its customers access to a more robust fraud protection program. Cardholders will now enjoy “no questions asked” concierge fraud support, ensuring that Brex customers are never liable for any identified fraud on their cards. Visit www.brex.com for more information.
The card will be issued by Emigrant Savings Bank.
For startups, Brex delivers corporate cards quickly, easily, and with higher limits than traditional corporate cards, instantly and with no personal guarantee. Founded in 2017 by the founders of Brazilian payments processor Pagar.me, Brex is backed by Y Combinator Continuity, Ribbit Capital, Greenoaks, DST Global, Peter Thiel and Max Levchin and has raised a total of $215M in funding. Brex participated in the Y Combinator Winter 2017 batch. The company’s headquarters are in San Francisco. For more information, visit www.brex.com.
Mastercard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry. Our global payments processing network connects consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. Mastercard products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MastercardNews, join the discussion on the Beyond the Transaction Blog and subscribe for the latest news on the Engagement Bureau.