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Credit card provider for startups Brex completes $125M funding round

Brex Inc., a credit card provider for startups, has completed a $125 million series C funding round.

The funding round, which was led by Greenoaks Capital, DST Global and IVP, brings the company's valuation to $1.1 billion, according to Forbes.

The company plans to use part of its new funding to offer a rewards program for its customers, which will be launched later this fall.