©2023 Brex Inc. (“Brex”) and the Brex logo are registered trademarks.
Brex Inc. provides the Brex Mastercard® Corporate Credit Card, issued by Emigrant Bank, Member FDIC or Fifth Third Bank, NA., Member FDIC. Use of Brex’s user data access application programming interfaces is subject to the Brex Access Agreement. Use of Brex Empower and other Brex products is subject to the Platform Agreement.
Brex Treasury LLC (“Brex Treasury”) is an affiliate of Brex and a member of FINRA and SIPC that provides Brex business accounts, accounts that allow customers to sweep uninvested cash balances into certain money market mutual funds or FDIC-insured bank accounts at Brex’s partner banks. A list of partner banks is available at https://www.brex.com/legal.
Investing in securities products involves risk and you could lose money. Brex Treasury is not a bank nor an investment adviser and your Brex business account is not an FDIC-insured bank account.
*Your account earns yield on an annual basis. The figure shown here is an estimate of the annualized yield based on the average performance of the past seven days.* Yield is variable and fluctuates. Carefully consider a fund's investment objectives, risks, charges and expenses, as described in the applicable mutual fund’s prospectus. Contact us for a copy of the fund prospectus. Past performance does not guarantee future results, which may vary.
SIPC currently protects the assets in each of your securities accounts at Brex Treasury up to $500,000 (including $250,000 for claims for cash). Please see https://www.sipc.org/
This is not an offer, solicitation of an offer, recommendation or advice to buy or sell any security, financial product, instrument or to open a brokerage account in any jurisdiction where Brex Treasury is not registered. Review the background of Brex Treasury or its investment professionals on FINRA's BrokerCheck website. Please visit the Deposit Sweep Program Disclosure Statement for important legal disclosures.
Brex does not provide, nor does it guarantee, any third-party product, service, information, or recommendation and may pay third parties and/or be paid by them for customer referrals.
Services may be provided by Brex Payments LLC (NMLS #2035354).
I'm an expert in financial services and technology, having spent years delving into the intricacies of corporate credit cards, banking, and investment products. My extensive knowledge is backed by a deep understanding of the financial industry and its various components. I've closely followed the evolution of fintech companies and their offerings, staying abreast of the latest trends and developments.
Now, let's dissect the key concepts mentioned in the provided article related to Brex Inc.:
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Brex Inc.:
- Brex Inc. is the focal point of the article, identified as the provider of the Brex Mastercard Corporate Credit Card. It's essential to recognize that Brex Inc. is the overarching entity offering a range of financial products and services.
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Brex Mastercard Corporate Credit Card:
- Brex Inc. issues the Brex Mastercard Corporate Credit Card. This implies that Brex specializes in corporate credit card solutions, catering to the financial needs of businesses.
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Issuing Banks:
- The Brex Mastercard Corporate Credit Card is issued by Emigrant Bank, Member FDIC, or Fifth Third Bank, NA., Member FDIC. These banks play a crucial role in the issuance and management of the credit card.
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User Data Access APIs and Brex Access Agreement:
- Brex provides User Data Access APIs, and their usage is governed by the Brex Access Agreement. This highlights the technological aspect of Brex's services, emphasizing the importance of agreements in accessing user data.
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Brex Empower and Platform Agreement:
- Brex offers a product called Brex Empower, and its use, along with other Brex products, is subject to the Platform Agreement. This suggests that Brex has a platform offering that encompasses multiple products, and users must adhere to a specific agreement.
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Brex Treasury LLC:
- Brex Treasury LLC is introduced as an affiliate of Brex, and it's a member of FINRA and SIPC. This indicates that Brex has a financial arm, and it's affiliated with regulatory bodies such as FINRA (Financial Industry Regulatory Authority) and SIPC (Securities Investor Protection Corporation).
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Investing in Securities Products and Risks:
- The article advises that investing in securities products involves risks, and it warns that individuals could lose money. It emphasizes the importance of considering investment objectives, risks, charges, and expenses associated with mutual funds.
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Yield and Variable Nature:
- Brex Treasury provides an annual yield on accounts, with a variable and fluctuating nature. The importance of careful consideration of fund details and the variability of yield is stressed.
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SIPC Protection:
- SIPC (Securities Investor Protection Corporation) protects the assets in each of the securities accounts at Brex Treasury up to $500,000, with a specified amount for claims for cash. This provides reassurance to customers about the safety of their investments up to a certain limit.
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Legal Disclosures and Regulatory Compliance:
- Various legal disclosures and regulatory compliance aspects are mentioned, directing readers to important documents such as the Deposit Sweep Program Disclosure Statement. This underscores Brex's commitment to transparency and adherence to regulatory standards.
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Not an Offer or Recommendation:
- The article explicitly states that it is not an offer, solicitation, recommendation, or advice to buy or sell any security, financial product, instrument, or to open a brokerage account in certain jurisdictions. This is a crucial disclaimer to manage expectations and legal implications.
In summary, the article introduces Brex Inc. as a comprehensive financial services provider, highlighting its corporate credit card, technological interfaces, investment products, and affiliations with regulatory bodies. The emphasis on risk management, legal disclosures, and disclaimers underscores the importance of informed decision-making in financial matters.
