About Brex
Brex is a company based in Draper (United States) founded in 2017 by Henrique Dubugras and Pedro Franceschi.. 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
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Phone
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Website
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Social
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- Legal Name Brex Empower India Private Limited
- Date of Incorporation 02 Feb, 2022
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
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Net Profit
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EBITDA
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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
& 26 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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Products & Services of Brex
Brex offers a comprehensive portfolio of products and services, including Corporate Cards, Expense Management, Bill Pay, and Banking and Treasury. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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.
- Total Funding Total Funding
- Total Rounds 11
- Last Round Debt – Conventional — $235.0M
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First Round
First Round
(01 Apr 2017)
- Investors Count 27
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2025 | Amount | Debt – Conventional - Brex | Valuation |
investors |
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| Oct, 2021 | Amount | Series D - Brex | Valuation | Greenoaks , TCV |
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| Aug, 2021 | Amount | Debt – Venture - Brex | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Brex
Brex has secured backing from 27 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Citi, American Express and SVB. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| 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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Founded Year | Domain | Location | |
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Tech-enabled businesses are funded by Greenoaks venture capital firm.
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Founded Year | Domain | Location | |
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Venture capital is invested in global technology companies by TCV.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Brex
Brex has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include Compose Labs, Elph and Landria. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Open banking API for commerce platforms is enabled.
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2020 | ||||
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Blockchain tools and infrastructure for dApps are developed and provided.
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2018 | ||||
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Unified enterprise search is enabled by a cloud-based platform.
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2018 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Brex
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Brex Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Spend management and accounts payable solutions are delivered to businesses.
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| domain | founded_year | HQ Location |
Corporate travel and expense management are facilitated through SaaS platform.
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| domain | founded_year | HQ Location |
Digital bank for businesses
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| domain | founded_year | HQ Location |
Tide is recognized as a digital banking platform for businesses.
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| domain | founded_year | HQ Location |
Employee benefit administration and payment solutions are provided for enterprises.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Brex
Frequently Asked Questions about Brex
When was Brex founded?
Brex was founded in 2017.
Where is Brex located?
Brex is headquartered in Draper, United States. It is registered at Draper, Utah, United States.
Who is the current CEO of Brex?
Pedro Franceschi is the current CEO of Brex. They have also founded this company.
Is Brex a funded company?
Brex is a funded company, having raised a total of $1.16B across 11 funding rounds to date. The company's 1st funding round was a Debt – Venture of $150M, raised on Apr 01, 2017.
How many employees does Brex have?
As of Mar 29, 2024, the latest employee count at Brex is 1.
What does Brex do?
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.
What products or services does Brex offer?
Brex offers Corporate Cards, Expense Management, Bill Pay, and Banking and Treasury.
How many acquisitions has Brex made?
Brex has made 6 acquisitions, including Compose Labs, Elph, and Landria.
Who are Brex's investors?
Brex has 27 investors. Key investors include Citi, American Express, SVB, Bank of America, and Kleiner Perkins.
What is Brex's valuation?
The valuation of Brex is $12.3B as of Oct 2021.
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