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Brex
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Brex

Cards, expense management, travel, and bill pay – in one global solution.

About

Founded

2017

Headquarters

San Francisco, California

Industry

Fintech

Company Description

Brex is the AI-powered spend platform. We transform finance teams from reactive no-sayers to proactive growth drivers. With Brex, companies spend with confidence by empowering employees to make smarter financial decisions from anywhere. Brex provides corporate cards, business accounts, and global payments, plus intuitive software for travel and expenses, that make it easy to plan and track all company spend in one place, in real time.

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Funding

Total Raised

$1.5 billion

Valuation

$12.3 billion

Significant Investors

Kleiner Perkins, Ribbit Capital, Greenoaks, Y Combinator, Elad Gil

Company Traction

  • As of July 2023, Brex expects to hit $500 million in annualized revenue within the next 12 months.
  • As of July 2023, Brex reported over 20,000 customers, including Airbnb, Y Combinator, Carta, Classpass, Vouched, and Mutiny.
  • As of July 2023, Brex manages billions of dollars in customer deposits, processes tens of billions in transactions, and is used in 100+ countries.
  • In 2022, Brex increased revenue by 200%.
  • In Q1 2021, Brex reported its total number of customers grew by 80%, and total monthly customers grew by 5x.
  • 91% of the latest Y Combinator batch, YC S23, choose Brex.

Leadership Team

  • Karandeep Anand: CPO at Brex. Former VP, Head of Business Products at Facebook.
  • Arthur Levy: Chief Strategy Officer at Brex. Former Director of Business Development & Corporate Development at Teespring.

Press

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