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Brex

All-in-one finance stack for startups — corporate cards, banking, expense, AP
Fintech 📍 Salt Lake City, UT Founded 2017
Current Valuation
$12B
as of 2022-Q1
DECACORN
Brex pioneered the modern startup financial stack with corporate cards underwritten on cash balance rather than personal credit. Has expanded into a full enterprise spend platform competing with Ramp and AmEx for SMB/midmarket.

Company Profile

CEO
Pedro Franceschi (co-founder)
Founded
2017
HQ
Salt Lake City, UT
Employees
~1000
Total Raised
$1.5B
Est. Revenue
$500M (2024)
Growth
~30% YoY
Last Round
Series D-2 — $300M (Jan 2022) · Lead: Greenoaks Capital
IPO Status
no imminent plans

Founders & Key People

Henrique DubugrasPedro Franceschi

Investors

Y Combinator · DST Global · Ribbit Capital · TCV · Greenoaks · Tiger Global

Products

  • Brex Corporate Card
  • Brex Cash (banking)
  • Brex Expense Management
  • Brex AP automation
  • Brex Empower

Competitors

Ramp · Mercury · Mesh Payments · Airbase (acquired by Paylocity) · American Express (AXP)
FintechB2B
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2022-Q1. Refreshed quarterly.