Brex, a US expense management platform, has secured its Payment Institution (PI) licence in the European Union (EU) via the Netherlands.

The San Francisco based FinTech said the move will allow it to serve high-growth businesses in international markets where they operate as well as new clients across Europe.

The licence allows Brex to operate across the entire EU and offer commercial credit cards and payment services including direct debits and credit transfers.

Brex said it already serves 1,500 customers with EU operations, with nearly half of current Brex customers operating in more than one country. However, these customers previously had to be based or headquartered in the US to use the Brex platform.

The company added it will offer its full suite of products, including corporate cards, expense management, and treasury tools, to European enterprises.

As part of its ongoing commitment to product expansion, Brex said it is also exploring the opportunity to secure a separate licence to support UK-based customers in the coming months.

“Over the last seven years, we’ve built the global payments infrastructure to support customers in more than 200 countries and 60+ currencies,” said Pedro Franceschi, chief executive and co-founder of Brex. “This licence takes us one step further, enabling Brex to directly serve EU-based businesses and their subsidiaries with locally accepted cards, less friction, and best-in-class payment capabilities."

Brex said it plans to begin onboarding select customers in the coming months through a phased rollout, with the expectation that they will be fully operational by early 2026.

To support these customers, the company has already established offices in the Netherlands and has plans to scale as it continues to grow its European footprint.

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