Brex is a credit card company that issues corporate credit cards to technology companies in the United States.
Brex is building the next generation of B2B financial services with better tech and without the restrictions of legacy technology.
Brex was founded in 2017 by Henrique Dubugras and Pedro Franceschi. The company is headquartered in Draper, Utah.
Brex help companies spend, save, and earn smarter—and take every dollar further—by doing more than a bank, bookkeeping, or reward program could ever do alone.
Brex has expanded to offer small and medium sized businesses (SMBs) and larger organizations an all-in-one platform to manage their finances. Brex announced Brex API, a new open API available to all Brex customers for no extra charge and is designed to allow them to “seamlessly manage financial information in a customizable interface.
Brex also announced a partnership with Zapier, which will allow the automation of workflows among products without having to write a single line of code. Brex onboards thousands of new tech and non-tech customers every month that use a combination of its payment and cash management services.
Brex is backed by Tiger Global, Greenoaks Capital, TCV, GIC, Baillie Gifford, DST Global, Kleiner Perkins, Y Combinator Continuity, Ribbit Capital, and others. The company raised $300M in a Series D-2 round on Oct 21, 2021. This brings Brex's total funding to $1.5B to date. The latest round pushed the company's valuation to $12.3B post-money. Brex was previously valued at $7.4B from a Series D raised in Apr 2021.