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 San Francisco, California.
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 now onboards thousands of new tech and non-tech customers every month that use a combination of its payment and cash management services, and will now be able take advantage of expense management and bill pay software.
Brex is backed by Tiger Global, Y Combinator Continuity, Ribbit Capital, DST Global, Kleiner Perkins, TCV, GIC, Baillie Gifford, Greenoaks Capital and others. The company raised $425M in Series D round on Apr 26, 2021. This brings Brex's total funding to $1.2B to date. The latest round more than doubled the company's valuation to $7.4B post-money. Brex was previously valued at $2.9B from the Series C raised in May 2020.