Friday, 24 March, 2023

Brex CEO Seeks to Raise over $1 billion for Bridge Loans in Response to SVB Collapse

<p>Brex CEO seeks to raise $1B in weekend for SVB-related bridge loans as startups grapple with the impact of the bank&#39;s collapse. Brex is hoping to offer startups affected by the Silicon Valley Bank collapse a way to stay afloat by providing them with much-needed capital to weather the storm. The company is currently in talks with investors about raising over $1 billion in bridge loans over the weekend.</p>