US-based fintech firm Brex used this deck to take home $50m

ABOUT

US-based Brex is a fintech startup that offers business credit cards and cash management accounts to tech companies. It also operates a platform that brings cash management, credit card control, and reporting in one place online.

In 2018, the company used this pitch deck to raise US$50 million in series B funding from investors such as Y Combinator Continuity, Ribbit Capital, and PayPal founders Peter Thiel and Max Levchin, as well as former Visa CEO Carl Pascarella.

Since then, Brex went on to raise an additional US$375 million, including its US$150 million series C extension round last year.

Fundraising journey

• 2017: US$120,000 of seed funding from Y Combinator
• April 2017: US$7 million of series A funding from Y Combinator and Ribbit Capital
• March 2018: US$50 million of series B funding from Y Combinator Continuity, Ribbit Capital, PayPal founders Peter Thiel and Max Levchin, serial entrepreneur Yuri Milner, and former Visa CEO Carl Pascarella
• October 2018: US$125 million of series C funding led by Greenoaks Capital, participated by DST Global and other undisclosed investors
• 2019: US$100 million of series C extension round led by Kleiner Perkins Digital Growth Fund and participated by Y Combinator Continuity, GreenOaks Capital, IVP, Ribbit Capital, and DST Global
• 2020: US$150 million of another series C extension round from DST Global and Lone Pine Capital

How is the deck compelling?

• The deck begins with introducing the core team members and current investors on board.
• It continued with a discussion of the issues the company wants to address, highlighting the pain points.
• Brex then elaborates on its proposed solutions to solve the problems.
• The deck also provides interesting metrics to appeal to investors and concludes by restating the company mission.

SOURCE

Deck: PitchDeckHunt