Fintech Startup Brex Reboots Its Corporate Travel Platform
Photo Credit: Brex Travel aims to offer a wide range of content. Unsplash / Jonas Leupe
Skift Take
The bank has its eyes on snatching business from other corporate travel agencies with new partner Spotnana. But first the wider financial sector may need to stabilize following the collapse of Silicon Valley Bank before it gains confidence from new customers.
Financial services company Brex is relaunching its travel booking platform after swapping agency partners.
Brex Travel, a new full-service travel management offering, is being plugged into its spend management platform Empower, which launched in 2022.
Technology startup Spotnana will power the bank's new venture, after recently revealing it is backing new agency Travel Solutions. As a result, Brex is ending a previous partnership with TravelBank, which was recently acquired by U.S. Bancorp.
“For the last few years, we’ve enjoyed providing Brex an innovative travel platform to help their corporate customers book flights and hotels,” said Duke Chung, co-founder and CEO of TravelBank. “After being acquired by U.S. Bancorp — with its robust corporate card program and our work together delivering all-in-one travel, expense management, and payment solutions — it made sense for both companies to evolve their respective business models.”
