Brex CEO seeks to raise over $1 billion in weekend for SVB bridge loans

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  • Brex CEO Henrique Dubugras is attempting to raise over $1 billion in a weekend to fund an emergency bridge credit line.
  • This bridge credit line is intended to help startup customers affected by Silicon Valley Bank’s collapse make payroll next week.
  • Dubugras has declined to comment on how much capital has been committed.