henrique dubugras is here.is the ceo of a brex, which minted it's a unicorn this past summer with the $2.6 billion. welcome to the program. i wonder given how big competition is, how competitive the space is, where do you see the next step in terms of opportunities? henrique: thank you so much for having me. i believe there is a clear distinction between distribution and actual innovation in financial services. i think a lot of the big tech companies, what they are doing is creating new distribution channels for existing products. so for example, amazon's credit card is issued by jp morgan and american express. i truly believe that if there is no technology development in the back end, it will not change much. i think a love the opportunity are for both firms that actually rebuild the technology behind it and do not use the technologies built by the bank. taylor: so as you talk about that and some of the partnerships, i noticed you have a partnership with mastercard. what are you hoping to bring them? what are

we asked henrique dubugras, the ceo of recently minted unicorn brex, which has a partnership with mastercardasked him about the financial product opportunities. henrique: i believe that there is a clear distinction between distribution and actual innovation in financial. i think a lot the big tech companies, what they are doing is just creating few distribution channels for existing products. so for example, amazon's credit card is issued by jp morgan and american express. i truly believe that if there is no technology development in the back end, it will not change much. i think a lot of the opportunity are for both fintech firms and non-fintech firms that actually rebuild the technology behind it and don't use the technology built by the banks. taylor: so as you talk about that and some of the partnerships, i noticed that you have a partnership with mastercard. what are you hoping to bring them and what are they bringing you in terms of that technological innovation? henrique: i think it is exchange of knowledge. they have been working with banks and have accumulated a lot of knowledge and