Why credit card upstart Brex is selling out to Big Plastic
Despite its depressed valuation, the fintech’s longtime backers were probably keen to cash out
Despite its depressed valuation, the fintech’s longtime backers were probably keen to cash out

$12bn group seeks expansion in sign of resilience among start-ups launched in a period of ultra-low interest rates

The company is relying on a $48mn infusion from automakers to continue operating

But more optimistic investors continue to bank on the cavalry arriving if things get really dicey

Growth raises concerns about underwriting and risk management at fast-expanding groups

Recent ructions highlight the case for better scrutiny of the asset class

Fast-growing market comes under greater scrutiny for potential risks after series of setbacks