Tag: funding

Schools face a funding crunch — and rising technology costs

SAN FRANCISCO — The public schools in Oakland, California, are still figuring out what their plans will look like for restarting classes this fall amid the coronavirus pandemic, but they know this much: they’re expecting to have to pay more for technology, either for distance-learning or costs associated with the reopenings themselves.

“If we did not have technology, across the board — for classroom learning, district operations, staff connecting with each other — we wouldn’t really be able to do much of anything,” Susan Beltz, chief technology officer for the Oakland Unified School District, said.

That is putting a new

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This is the 19-slide pitch deck two 22-year-olds used to nab $57 million in funding from Silicon Valley

Technology is shattering legacy financial systems that can’t keep pace with market demand — and Brex is at the forefront. It’s one of fintechs buzziest startups, aiming to rebuild B2B financial products starting with corporate cards for technology companies.

Brex co-founders Pedro Franceschi and Henrique Dubugras
Brex co-founders Pedro Franceschi and Henrique Dubugras

Brex

The company was quietly launched in 2017 by Henrique Dubugras and Pedro Franceschi, two 22-year-old engineers who previously founded Pagar.me, one of Brazil’s largest payment processors.

Brex already has more than 1,000 customers signed up with the help of backing from investors including PayPal co-founders Peter Thiel and Max Levchin, early Facebook investor

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