IPO hopeful Brex scored major win to sell in the EU, plans UK expansion

Financial services provider Brex on Thursday announced that it achieved a major milestone: It is now licensed in the European Union. That means it can now directly issue credit and debit cards and offer its spend management products to any business in all 30 EU countries with “no workarounds required,” as co-founder and CEO Pedro Franceschi wrote in a blog post.

While the corporate spend management startup previously supported 60 currencies in 200 countries, it could only sell its products to companies with a U.S. presence.

With the…