Brex Sets New Industry Standard With Latest Privacy Policy

New Hires Shruti Gupta, Director of Engineering and Whitney Merrill, Privacy and Data Counsel Bring Increased Transparency to the Fintech Unicorn’s Privacy Practices

SAN FRANCISCO--()--Brex, the financial technology company that helps ambitious companies scale, today announced the expansion of its security and legal teams with two new hires: Shruti Gupta, Director of Engineering and Whitney Merrill, Privacy and Data Counsel to spearhead the company’s rigorous approach to privacy and security. The new hires, alongside the Brex product, engineering, legal, compliance and customer support teams have collaborated to revamp Brex’s privacy policy to redouble Brex’s commitment to upholding the highest standards for how the company, and its partners, handle customer data.

“At Brex, we are committed to exceeding customer expectations, especially in areas of particular concern to the industries we serve,” said Henrique Dubugras, co-CEO and co-founder of Brex. “We are always improving our privacy practices and I am confident that through their rich experience and diverse backgrounds, Shruti and Whitney will foster a development environment in which privacy endures as a key pillar to our core strategy and identity at Brex.”

As a part of this attestation to the highest standards of privacy and security, Brex has committed to:

  • Never sell customer data.
    • Brex customers’ data is not their product. Instead, they make money from interchange -- fees paid by merchants when accepting credit card payments.
  • Require service providers and third parties to only use personal information to provide services for Brex and not for their own purposes.
  • Always demand its Reward partners not perform cross-marketing to its customers.
  • Always provide the option to opt out of data sharing.
  • Always ask proactively for feedback and respond to its customers, through inquiries sent to privacy@brex.com.

"Brex's stance on privacy and bias to transparency is what gives me confidence in expanding my business with them,” said Amy Cux, CFO of Unbabel. “I know how my data is collected and used, and that they have strict protections so we never have to worry about third parties using our data in ways we aren't comfortable with.”

Gupta joins Brex with nearly a decade of experience in security working for Instacart as the head of security and compliance, and prior to that at Airbnb as a founding security engineer. Once a former attorney with the Federal Trade Commission, Merrill joins Brex from Electronic Arts where she served as privacy counsel, entrusted with protecting consumer privacy at the company.

“At Brex, security and trust are mission critical,” said Shruti Gupta, Director of Engineering at Brex. “We are dedicated to fostering a culture of feedback and transparency in an industry that can often be vague in their privacy and security terms.”

“Everyone at Brex wants to do the right thing for our customers,” added Whitney Merrill, Privacy and Data Counsel at Brex. “We are always asking, 'What can I do better?' That’s the right type of foundation for a strong privacy culture at a company.”

About Brex

Brex is transforming B2B payments by creating corporate cards, rewards, and travel programs that are tailored to specific industries. In 2018 Brex launched the first corporate card and rewards program specifically designed for startups. By rebuilding the credit card tech stack from the ground up, Brex is able to reimagine every aspect of corporate cards, including underwriting, transparency, and approvals, to create a radically better experience for customers. Brex is backed by Y Combinator Continuity, Peter Thiel, Max Levchin, and more, and has raised $315M in equity and $100M in debt capital. The company’s headquarters are in San Francisco with an additional office in the Salt Lake Valley.

Contacts

Sutherlandgold for Brex
Yalda Rafie
brex@sutherlandgold.com

Contacts

Sutherlandgold for Brex
Yalda Rafie
brex@sutherlandgold.com