Fintech Brex Eyes $500 Million in 2025 Revenue as IPO Mulled (1)

Brex, one of several financial-technology startups that’s considering an initial-public offering, wants to make sure it’s ready to present investors with a predictable business before it decides on pursuing an IPO, according to Chief Executive Officer Pedro Franceschi.

“It’s easy to go public, it’s hard to be a public company with low volatility and very high predictability in the business,” Franceschi said in an interview, adding that Brex plans to be cash-flow positive by the middle of this year. “Predictability is crucial and we want to get really great at that over the next few years.”

Brex, founded by ...