Brex - About the company
Brex is a series D company based in Draper (United States), founded in 2017 by Pedro Franceschi and Henrique Dubugras. It operates as a SaaS-driven credit card and spend management solutions platform for businesses. Brex has raised $1.2B in funding from investors like DST Global, Greenoaks and , with a current valuation of $12.3B. The company has 279 active competitors, including 68 funded and 40 that have exited. Its top competitors include companies like Ramp, Navan and BlueVine.
Sectors and market segments that Brex operate in
Brex serves in the B2B, SaaS space in the FinTech, Travel and Hospitality Tech market segments.The primary business model of Brex are:Company Details
SaaS-driven credit card and spend management solutions platform for businesses. It offers corporate cards for credit lines and corporate lab expenses. It enables corporates to link credit cards, bank accounts, payments, and accounting for expense management. Its feature includes cash management accounts, credit card controls, expense tracking, and virtual accounts. Its app is available on iOS and Android devices.
- Website
- Social
- Email ID
- @brex.com
- Phone Number
- +1
Key Metrics
Founded Year
2017
Location
Draper, United States
Stage
Series D
Total Funding
in 11 rounds
Latest Funding Round
Post Money Valuation
as on Oct 22, 2021
Investors
Ranked
2nd among 279 active competitors
Investment & Acquisitions
Similar Companies
Ramp &
Legal entities associated with Brex
Brex is associated with 4 legal entities given below:
Legal Entity Name | Date of incorporation | Revenue | Net Profit | Employee Count |
|---|---|---|---|---|
Jan 18, 2022 | - | 304 | 155 | |
Jun 16, 2021 | - | 168 | 710 | |
Dec 31, 1999 | - | 976 | 760 | |
Dec 26, 999 | - | 924 | 475 |
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Brex's funding and investors
Brex has raised a total funding of $1.2B over 11 rounds. Its first funding round was on Apr 01, 2017. Its latest funding round was a Conventional Debt round on Jan 13, 2025 for $235M. 2 investors participated in its latest round, which includes Credit Suisse, Bank of America, TPG and TCV.
Brex has 55 institutional investors including DST Global, Greenoaks and . Peter Thiel and 3 others are Angel Investors in Brex.
Here is the list of recent funding rounds of Brex:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Jan 13, 2025 | $235M | Conventional Debt | - | - | |
Oct 22, 2021 | $300M | Series D | $12.3B | - | |
Aug 25, 2021 | $150M | Venture Debt | - | - |
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Brex's founders and board of directors
The founders of Brex are Pedro Franceschi and Henrique Dubugras. Pedro Franceschi, Henrique Dubugras and are the CEO of Brex. Pedro Franceschi has founded 1 more company - Pagar.me.
View details of Brex's Founder profiles and Board Members
Brex's Competitors and alternates
Top competitors of Brex include Ramp, Navan and BlueVine. Here is the list of Top 10 competitors of Brex, ranked by ÃØÃÜÑо¿Ëù score :
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Overall Rank | Company Details | Short Description | Total Funding | Investors | ÃØÃÜÑо¿Ëù Score |
|---|---|---|---|---|---|
1st |  Ramp 2019, New York City (United States), Series D | Provider of a spend management and accounts payable solutions | $1.41B | Greylock, Redpoint VenturesÌý&²¹³¾±è;Ìý | 88/100 |
2nd | 2017, Draper (United States), Series D | SaaS-driven credit card and spend management solutions platform for businesses | $1.2B | Credit Suisse, Bank of AmericaÌý&²¹³¾±è;Ìý | 83/100 |
3rd |  Navan 2015, Palo Alto (United States), Series G | SaaS-based corporate travel and expense management solution for businesses | $1.28B | Greenspring Associates, SVBÌý&²¹³¾±è;Ìý | 87/100 |
4th | BlueVine 2013, Redwood City (United States), Series F | Digital bank for businesses | $288M | Credit Suisse, Kreos CapitalÌý&²¹³¾±è;Ìý | 85/100 |
5th |  Tide 2015, London (United Kingdom), Series C | Provider of an internet-first bank offering digital banking services for businesses | $219M | Apax, TriplePoint CapitalÌý&²¹³¾±è;Ìý | 84/100 |
6th | Wright Express 1983, Portland (United States), Public | Provider of employee benefit administration solutions for enterprises | - | First Analysis, Warburg PincusÌý&²¹³¾±è;Ìý | 80/100 |
7th | Concur 1988, Bellevue (United States), Acquired | SaaS-driven corporate travel expense & invoice management solution | - | Credit Suisse, IVPÌý&²¹³¾±è;Ìý | 77/100 |
8th |  Novo 2016, Miami (United States), Series C | Provider of a partnership-based digital banking platform for enterprises | $298M | GGV Capital, RRE VenturesÌý&²¹³¾±è;Ìý | 77/100 |
9th | Mercury 2010, San Francisco (United States), Series C | Digital bank for startups | $346M | SV Angel, Sequoia CapitalÌý&²¹³¾±è;Ìý | 77/100 |
10th |  Found 2019, San Francisco (United States), Series B | Accounting and bookkeeping management solutions for small businesses | $119M | Sequoia Capital, InciteÌý&²¹³¾±è;Ìý | 76/100 |
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Brex's Investments and acquisitions
Brex has made 8 investments in companies including Yuzu Health and Skupos. Brex has also acquired 6 companies including Pry and Weav. Here is the list of investments & acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Oct 31, 2023 | Investments | 2022 | New York City, United States | |
Mar 20, 2023 | Investments | 2016 | San Francisco, United States | |
Jan 06, 2023 | Investments | 2011 | Greenwood Village, United States |
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Reports related to Brex
Here is the latest report on Brex's sector:
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News related to Brex
Media has covered Brex for a total of 29 events in the last 1 year, 13 of them have been about company updates and 3 about partnerships.
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Finextra•Mar 05, 2025•Flex, Victory Park Capital Advisors, Titanium Ventures, Companyon Ventures and 9 others
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PR Newswire•Feb 25, 2025•Brex
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PYMNTS.com•Oct 23, 2024•Brex
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Get curated news about company updates, funding rounds, M&A deals and others. Sign up today!Frequently asked questions about Brex
When was Brex founded?
Brex was founded in 2017.Where is Brex located?
Brex is located in Draper, United States.Is Brex a funded company?
Brex is a funded company, its first funding round was on Apr 01, 2017.When was the latest funding round of Brex?
Brex's latest funding round was on Jan 13, 2025.How much is Brex worth?
The latest valuation of Brex is $12.3B as on Oct 22, 2021.What is the annual revenue of Brex?
Annual revenue of Brex is undefined as on undefined.Is Brex a Finance & Accounting Tech company?
The primary sectors of Brex are Finance & Accounting Tech, Payments, Online Travel, Banking Tech and HRTech.Our Lite Plan Awaits you - Its Free!
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