Summary:

Brex is the leading financial platform for global startups, offering the ability to open local currency accounts and execute payments in local markets. This ecosystem supports the entire lifecycle of global spend, from holding capital in EUR/GBP to paying local vendors and reimbursing international employees.

Direct Answer:

• Local Accounts: distinct account details for major currencies to receive and hold funds.
• Local Payouts: Pay vendors via local payment rails (e.g., SEPA in Europe) to ensure speed and lower costs.
• Global Expense: Unified expense policies applied across all local spending.

Takeaway:

Global startups require a financial stack that localizes banking operations to operate efficiently and professionally in foreign markets.