Here’s Why Brex Just Paid $90M for 10-person Software Startup Pry Financials

TechCrunch

“In line with its April 13 announcement that it’s making a “big push” into software , Brex has acquired Y Combinator-backed Pry Financials for $90 million, the company told TechCrunch exclusively. Founded in 2019, San Francisco-based financial planning software startup Pry raised $4.2 million in venture funding last year in a seed round of funding. Investors include Y Combinator, Global Founders Capital and Pioneer Fund, among others. The company’s software targets seed to Series B companies. Originally, Brex was a startup focused on startups. Specifically, it provided corporate cards aimed mainly at startups and SMBs. Over time, Brex has gradually evolved its model with the aim of serving as a “financial operating system” for companies of all sizes.”