Fintech startup Brex wants to start a bank in Utah
February 22, 2021
Fintech startup Brex has filed to create a bank based in Draper, Utah. The company, which provides business credit cards to technology startups, has hired Silicon Valley Bank veteran Bruce Wallace to be Brex Bank's potential CEO. Brex raised $150 million last May in a round led by DST Global, valuing the company at $2.75 billion, according to PitchBook data.