Fintech startup Brex just launched its biggest threat to banks yet. The $2.6 billion startup is now FDIC-insured and has tapped a veteran tech lawyer to lead compliance.

Fintech startup Brex just launched its biggest threat to banks yet. The $2.6 billion startup is now FDIC-insured and has tapped a veteran tech lawyer to lead compliance.

Business Insider

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· On Wednesday, $2.6 billion fintech startup Brex announced it was adding FDIC insurance to its bank account-like Brex Cash service for startups, which are hoping to avoid uncertainty in turbulent economic markets.
· New and existing Brex Cash customers will be able to insure up to $250,000 with the FDIC, as banks do for...

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