
Brex secures EU license for spend management services, sets sights on UK market
Fintech firm Brex has gained authorization to operate across all 30 European Economic Area countries without regulatory workarounds, according to co-CEO Pedro Franceschi. The approval follows the company’s acquisition of certain cross-border payment licenses and paves the way for a broader EU rollout. Brex also announced plans for a major push into the UK, as it eyes global expansion ahead of a potential IPO.
This is a pivotal step for Brex and signals growing momentum for US fintechs expanding into regulated European markets.