Brex Inc. Asset Profile

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Year established

2017

Location

Salt Lake City UT US

Primary Industry

Financial Services

About

Based in Utah, US, and founded in 2017, Brex Inc. is a financial technology company that provides an integrated system to simplify applying for credit cards and managing finances. Henrique Dubugras and Pedro Franceschi are the co-founders of the company. In April 2022, Brex Inc., a portfolio company of Baillie Gifford, DST Global, Durable Capital Partners, GIC, Greenoaks Capital, Institutional Venture Partners, Kleiner Perkins, Lone Pine Capital, Madrone Capital Partners, Ribbit Capital, Tiger Global Management, Valiant Capital Management, and Y Combinator, acquired Pry Financials, Inc. from Global Founders Capital, Hyphen Capital, Liquid 2 Ventures, Lombardstreet Ventures, Nomo Ventures, Pioneer Fund, and Y Combinator for USD 90 million. Some of the company’s customers include Robinhood, Classpass, Miroculus, Carta, Numi, Bounce, Vouched, and others. The company provides a platform that offers a comprehensive suite of products tailored for businesses of all sizes that cover corporate cards, expense management, travel, bill pay, and financial modeling. The firm’s primary offerings include the corporate card, which is designed for smart T&E, purchase, and vendor transactions. These global corporate cards are accepted in over 210 countries, providing users with card rewards and local currency options in over 50 countries. Brex also simplifies expense management with integrated tools for compliant expenses, reimbursements, and real-time spend reporting. In addition, the company’s platform extends its capabilities with an AI-powered automation system known as Brex AI that ensures efficiency and compliance. Users can control their spending by leveraging real-time tracking, spend limits, and native integrations with ERP, HRIS, and productivity tools. Brex also provides a smart purchasing card for companies looking to simplify procurement. The organization generates revenue through its monthly pricing plans, which include the premium plan for USD 12 per user and the enterprise plan for customized pricing.

Current Investors

Y Combinator, Ribbit Capital, Institutional Venture Partners

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Primary Industry

Financial Services

Sub Industries

e-Financial, Web Applications, Application Integration Software, Accounting/Finance Software

Website

www.brex.com

Verticals

Artificial Intelligence, FinTech, FinTech, Mobile Apps

Company Stage

Series D

Total Amount Raised

Subscriber access only

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