Corporate spend-management provider Brex has secured regulatory authorization to operate across the European Union, allowing the San Francisco-based fintech to issue credit and debit cards and sell its software suite directly to businesses in all 30 member states. The licence eliminates the need for intermediaries and extends Brex’s reach beyond companies with a U.S. presence, the company said in a blog post by co-founder and Chief Executive Officer Pedro Franceschi. Brex plans to start onboarding European customers in the coming months and aims to be fully operational in the region by early 2026. The firm is also preparing to enter the United Kingdom, although it has not detailed a launch timetable. Banking and bill-payment services are not part of the initial rollout but could follow later, according to the company. The EU approval marks a key milestone as Brex positions itself for a public listing. Franceschi has said the firm is on track to end cash burn in 2025, a year in which Brex expects to generate about $500 million in revenue. The licence also intensifies competition with U.S. rivals such as Ramp and Mercury that have been raising capital aggressively to expand internationally.