Excellent analysis from TC. For more on why “the operational costs, the fraud costs, and the risk costs” were too much to overcome for Brex check out our explainer: withhansa.com/resources/why-…
🧵 on SMB fintech's future.
Brex’s pivot away from traditional businesses won’t be the last by an innovative company unless we change the way business finance and credit works.
1/10
At Hansa, we’re building the infrastructure necessary for small businesses to come together and share their data seamlessly. While I’m saddened by the news, I feel strongly about our mission to help small businesses access products normally reserved for large enterprises.
9/10
Check out this article for a look at why I think Brex made this difficult decision and why (spoiler alert) I think it’s a symptom of a broken market.
withhansa.com/resources/why-…
10/10
fintech has come full circle. Many fintechs were started bc trad FIs couldn't service SMBs bc they didn't make money off of them. Now we see those fintechs (ala Brex) move up market and turn off service for SMBs bc they can't make money off of them...
Sad, but understandable given the economics of serving traditional SMBs today, to see this decision from Brex. At @WithHansa we're looking to build a future where companies won't have to make a decision like this and where traditional SMBs can benefit from innovation.
🧵 Yesterday we made the difficult decision to stop serving traditional small businesses at @brexHQ.
Brex remains deeply committed to serving startups, so let me explain how we got to this (painful) decision, and why it allows us to serve startups even better.
I’m not gonna lie, 😮💨 massive imposter syndrome as I start putting together my pitch deck & dream list of investors. Founders, how do you cope with your imposter syndrome ?
As the youngest member of my HOA's Social Committee by roughly 40 years, I've been tasked with finding a software solution for automating the not-so-fun parts of administering a book club - suggestions?