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Brex

Last Updated

July 25, 2023

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Brex

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

About

Industry

Fintech

Founded

2017

Headquarters

San Francisco, California

Website

jobs

Funding History

funding

$1.5 billion

Valuation

$12.3 billion

Notable investors

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

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

Henrique Dubugras: Co-Founder & Co-CEO of Brex. Former Co-Founder & CEO of Pagar.me.

Pedro Franceschi: Co-Founder & Co-CEO of Brex. Former Co-Founder of Pagar.me.

Michael B. Tannenbaum: COO at Brex. Former CRO at SoFi.

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.‍

Cosmin Nicolaescu: CTO at Brex. Former Global Engineering at Stripe.

Latest News

The Generalist (July 13, 2023): Brex’s Second Act

CNBC (May 11, 2023): Brex Co-CEO Henrique Dubugras: It’s easier to get new customers now than before the banking crisis

The Verge (April 4, 2023): Watching Silicon Valley Bank melt down from the front row, with Brex CEO Henrique Dubugras‍

TechCrunch (March 22, 2023): Brex takes a swipe at Concur with an expansion into travel