Fintech Player Brex Wins Europe License in Latest Corporate Push

San Francisco-based fintech company Brex Inc. has secured a payment institution license in the European Union, a stamp of approval that clears the way for a full-scale European rollout.

The license gives Brex direct access to local payment rails and the ability to issue corporate credit cards in the bloc, the company said in a statement on Thursday.

The firm — which is known for providing user-friendly credit cards and digital banking tools to fast-growing companies — received the license in the Netherlands and will use it to serve companies across the EU, it said. Brex is also planning ...