About Brex
Brex is a company based in Draper (United States) founded in 2017 by Henrique Dubugras and Pedro Franceschi was acquired by Capital One in January 2026. Brex has raised $1.16 billion across 11 funding rounds from investors including Citi, American Express and SVB. The company has 1 employees as of March 29, 2024. Brex has completed 6 acquisitions, including Compose Labs, Elph and Landria. Brex offers products and services including Corporate Cards, Expense Management, Bill Pay, and Banking and Treasury. Brex operates in a competitive market with competitors including Ramp, Navan, BlueVine, Tide and Wright Express, among others.
- Headquarter Draper, United States
- Employees 1 as on 29 Mar, 2024
- Founders Henrique Dubugras, Pedro Franceschi
- Stage Decacorn
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Sectors
Financial ServicesTravel & Hospitality Technology
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Brex Empower India Private Limited
- Date of Incorporation 02 Feb, 2022
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$1.16 B (USD)
in 11 rounds
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Latest Funding Round
$235 M (USD), Debt – Conventional
Jan 13, 2025
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Investors
Citi
& 27 more
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Employee Count
1
as on Mar 29, 2024
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Investments & Acquisitions
Compose Labs
& 5 more
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Acquired by
Capital One
(Jan 22, 2026)
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Products & Services of Brex
Brex offers a comprehensive portfolio of products and services, including Corporate Cards, Expense Management, Bill Pay, and Banking and Treasury.
Enable smart global spending with built-in controls and limits.
Automate receipts, approvals, and reports using AI for efficiency.
Streamline invoice entry and vendor payments with AI tools.
Offer high-yield accounts and global payments for business funds.
People of Brex
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Operations Team
46 people
Product Management Team
34 people
Finance and Accounting
16 people
Leadership Team
15 people
Software Development Team
13 people
Sales and Marketing
11 people
Creative and Marketing Team
8 people
Data Analysis and Operations Team
4 people
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Funding Insights of Brex
Brex has successfully raised a total of $1.16B across 11 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $235 million completed in January 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Brex
Brex has secured backing from 28 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Citi, American Express and SVB.
| Investor | Description | Founded Year | Domain | Location |
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Fund of funds focused on pre-seed and seed-stage companies
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Tech-enabled businesses are funded by Greenoaks venture capital firm.
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Venture capital is invested in global technology companies by TCV.
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Investor details for Brex
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Investments & Acquisitions by Brex
Brex has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include Compose Labs, Elph and Landria.
Investment portfolio details for Brex
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Open banking API for commerce platforms is enabled.
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Locked | Locked | 2020 | Locked | |
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Blockchain tools and infrastructure for dApps are developed and provided.
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Locked | Locked | 2018 | Locked | |
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Unified enterprise search is enabled by a cloud-based platform.
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Locked | Locked | 2018 | Locked |
Complete acquisition details for Brex
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Financial Statements - Brex
Detailed financials for Brex
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Brex Comparisons
Peer comparison for Brex
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Competitors of Brex
Brex operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ramp, Navan, BlueVine, Tide and Wright Express, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Spend management and accounts payable solutions are delivered to businesses.
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Corporate travel and expense management are facilitated through SaaS platform.
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Digital bank for businesses
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| Locked | Locked | Locked |
Tide is recognized as a digital banking platform for businesses.
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| Locked | Locked | Locked |
Employee benefit administration and payment solutions are provided for enterprises.
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Detailed competitors of Brex
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Latest news on Brex
Complete news archive for Brex
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Frequently Asked Questions about Brex
Brex was founded in 2017.
Brex is headquartered in Draper, United States. It is registered at Draper, Utah, United States.
Pedro Franceschi is the current CEO of Brex. They have also founded this company.
Brex is a funded company, having raised a total of $1.16B across 11 funding rounds to date.
As of Mar 29, 2024, the latest employee count at Brex is 1.
Brex was founded in 2017 and is headquartered in Draper, United States, operating in the fintech sector. A SaaS platform is provided for corporate credit cards, spend management, and expense tracking. Services include integration of credit cards, bank accounts, payments, and accounting systems, along with cash management accounts, spending controls, and virtual accounts. Mobile applications are available on iOS and Android for user access.
Brex offers Corporate Cards, Expense Management, Bill Pay, and Banking and Treasury.
Brex has made 6 acquisitions, including Compose Labs, Elph, and Landria.
Brex has 28 investors. Key investors include Citi, American Express, SVB, Bank of America, and Capital One.
The valuation of Brex is $12.3B as of Oct 2021.