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Brex
Fintech / Corporate Spend Management

Brex Company Overview

Brex logo

Brex

● Active
Fintech / Corporate Spend Management · San Francisco, California, USA · Est. 2017
corporate cardsspend managementfintechstartup bankingexpense managementtravel managementfinancial infrastructureB2B fintech↗ Website
~$12.3B (private)
Valuation
$250M
Revenue
1k+
Employees
2017
Founded

Brex is a leading corporate spend management platform offering credit cards, expense management, travel, and banking solutions designed specifically for startups and enterprise companies. Founded in 2017, Brex disrupted corporate finance by offering instant credit to startups without personal guarantees, using business financial data rather than personal credit scores for underwriting. Brex has evolved into a full spend management platform, processing billions in monthly spend and serving customers from seed-stage startups to Fortune 500 companies.

Recent Press
5 items
product·2025-10-07
Brex Launches AI-Powered Spend Intelligence for CFOs
Brex unveiled an AI spend intelligence layer that automatically surfaces anomalies, policy violations, and savings opportunities across all corporate spend, giving CFOs and finance teams real-time visibility into company-wide spending patterns.
product·2025-08-19
Brex Expands to 50 Countries with Global Corporate Cards
Brex completed its international expansion, enabling multi-national companies to issue corporate cards, manage expenses, and make payments in 50+ countries with local currency support and country-specific compliance configurations.
milestone·2025-07-30
Brex Achieves GAAP Profitability for First Time
Brex disclosed that it achieved GAAP profitability in Q2 2025 for the first time since founding, driven by enterprise customer growth, improved credit underwriting, and the maturation of its full spend management platform.
funding·2025-06-11
Brex Raises $235M at Sustained $12.3B Valuation
Brex closed a $235 million secondary funding round that allowed early investors and employees to sell shares, with the company maintaining its $12.3 billion valuation as it accelerated toward profitability on its path to a future IPO.
product·2025-05-06
Brex Deepens SAP and NetSuite ERP Integrations for Enterprise
Brex launched enhanced two-way sync integrations with SAP S/4HANA and Oracle NetSuite, enabling enterprise customers to reconcile all spend data in real time, eliminating manual journal entries for companies with thousands of cardholders.
Company History
10 milestones
Henrique Dubugras and Pedro Franceschi, Brazilian founders who sold their previous startup Pagar.me, founded Brex after Y Combinator, recognizing that startups could not get corporate credit cards without personal guarantees.

Brex Organization Structure & Team

Org Chart
1,200 employees · Click a leader to explore their team
1,350 across 10 departments
Chief Executive Officer
Henrique Dubugras
Pedro Franceschi — Departments
· 1350 people across 10 depts

Brex Financials, Revenue & Market Share

Annual Revenue
$250M
+30% vs prior year
YoY Growth
+30%
From $100M to $250M
Revenue / Employee
$208K
Annual revenue per full-time employee
Revenue Growth
2021
2022
2023
2024
$100M
$150M
$190M
$250M
Market Share
US Venture-Backed Startup Corporate Card & Spend Management
30%
share
Brex
30%
Ramp
28%
Navan (TripActions)
15%
BILL Divvy
12%
Amex Business
10%
$35B
TAM
$8B
SAM
$600M
SOM
Revenue Streams
Interchange Fees45%
SaaS Subscriptions (Brex Empower)25%
Business Account Interest & Float18%
Travel Booking Fees7%
Foreign Exchange Fees5%
Business Units
Brex Card & Credit45%
Corporate charge cards for startups and enterprises with dynamic credit limits based on company financials.
Brex Empower25%
Enterprise expense management software with AI-powered receipt capture, approvals, and policy enforcement.
Brex Business Account18%
High-yield FDIC-insured business accounts with integrated bill pay and international wire transfers.
Brex Travel7%
Integrated corporate travel booking and management integrated directly into spend management workflows.
International5%
Expansion to global markets including EMEA and LATAM with multi-currency account and card support.

Brex Internal Tools & Processes

Internal Tools
10 departments
Engineering & Platform400 people · 3 roles
Standards & Certifications
10 standards
Compliance frameworks, security audits, and quality certifications this company maintains.
Security & Compliance
SOC 2 Type II
Certified
Annual SOC 2 Type II audit for Security, Availability, and Confidentiality covering Brex platform infrastructure, cardholder data, and business account operations.
Payment Security
PCI DSS Level 1
Certified
PCI DSS Level 1 certification for Brex corporate card program, cardholder data handling, and payment processing infrastructure.
Security & Compliance
ISO 27001
Certified
Information Security Management System certification covering Brex engineering, financial data operations, and enterprise customer data handling.
Privacy & Data
GDPR
Compliant
EU General Data Protection Regulation compliance for Brex European operations covering employee and cardholder personal data processing, DPAs, and data subject rights.
Privacy & Data
CCPA
Compliant
California Consumer Privacy Act compliance including data rights portal, opt-out mechanisms, and third-party data sharing disclosures for California-resident users.
Banking
FDIC Insured
Active
Brex Business Account deposits are FDIC insured up to $6 million through program bank partners, providing enterprise treasury protection beyond the standard $250,000 limit.
Financial Regulation
GLBA
Compliant
Gramm-Leach-Bliley Act compliance governing how Brex collects, shares, and protects customer financial data in connection with corporate banking and card services.
Financial Regulation
BSA/AML
Compliant
Bank Secrecy Act and Anti-Money Laundering compliance program including customer due diligence, transaction monitoring, and SAR filing procedures.
Payment Network
Mastercard Network
Active
Brex corporate cards are issued on the Mastercard network, providing global acceptance at 100M+ merchant locations and access to Mastercard commercial card infrastructure.
Accessibility
WCAG 2.1 AA
Compliant
Web Content Accessibility Guidelines 2.1 Level AA compliance across the Brex web dashboard and mobile app interfaces.

Brex Interview Preparation

Interview Prep
Role-specific interview questions and keywords. Select a department, then click any role to prepare.
Engineering & Platform· 3 roles

Brex Products & Competitors

Product Suite
5 products · select one to explore
Fintech / Corporate Spend Management
Brex Card
Corporate cards with no personal guarantee

A corporate credit card that underwrites based on company financials rather than founder credit scores, with built-in spend controls, real-time virtual card issuance, and rewards optimized for business categories like SaaS, travel, and advertising.

Use Cases
startup corporate cardemployee expense cardvirtual card for SaaS subscriptionstravel spend managementvendor payment cards
No image
Key Customers
ABN
Airbnb
DDS
DoorDash
COB
Coinbase
RHD
Robinhood
Competitive Intelligence
VSRamp
THEM

A corporate card and spend management platform focused on helping finance teams reduce costs through automated expense controls and insights

EDGE

Higher credit limits based on cash balance rather than personal credit history, enabling startups to get 10-20x more spend capacity than Ramp offers

VSDivvy (BILL)
THEM

A free corporate card and budgeting platform acquired by BILL, offering expense management and virtual cards with credit lines based on business history

EDGE

No personal guarantee required from founders vs. Divvy which still requires personal credit checks for newer companies

VSAmerican Express Business Platinum
THEM

Amex's premium business charge card offering travel rewards and benefits, underwritten using traditional business and personal credit scoring

EDGE

Venture-friendly underwriting using cash balance and investor backing vs. Amex's traditional credit scoring that rejects most startups

VSStripe Corporate Card
THEM

Stripe's corporate card offering flat-rate cashback on business spend, designed for businesses already using Stripe's payment infrastructure

EDGE

Dedicated startup rewards structure with 7x on rideshare and 4x on travel vs. Stripe Card's simpler flat-rate cashback