Q3 ended on Friday at Brex, and it was our biggest quarter ever by a LOT. We have our biggest product release of the year coming tomorrow, and momentum continues to accelerate at scale: NRR of 120%+, NPS of 60+, all-time low churn. The customer experience is getting better and better every month. 🧵
142% of our bookings goal for the quarter, and 200%+ for October, making it our all time best new business month by +40%.
7x (!) growth in new Commercial customers added YoY. 98% of US businesses still operate on incumbent banks and credit cards, and they deserve better. Very excited about the progress here.
4,000+ AI companies now run on Brex, with the number of AI-native companies on Brex increasing 46% YoY. Brex is becoming the rails for AI spend.
Enterprise went 130% to goal and added ~100 customers this quarter, up 60% YoY. 3.5x more competitive takeaways YoY New hires are ramping faster than ever, closing first deals 2x faster than in H1.
Companies at the forefront of their industries are choosing Brex as the intelligent finance platform, whether they’re in AI, stablecoin or biotech. We welcomed new customers Applied Intuition, Circle and 10x Genomics amongst many, many more.
More to come tomorrow. Onwards! 🚀
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