San Francisco-based Brex, the fintech that issues credit cards to startups, said Friday that it raised $125 million in a third round of funding led by Greenoaks Capital and DST Global.
The financing occurred at a valuation of more than $1 billion, placing Brex among a collection of privately-held "unicorn" startups valued at $1 billion or more.
The company will use the capital to debut one of the most popular features of a credit card: a rewards program.
