Brex Stock
Corporate credit card for startups
About Brex Stock
Brex provides a corporate credit card called the Brex Visa for technology companies. It helps startups of all sizes (from recently incorporated to later-stage companies) to instantly get a credit card that has 20x higher limits, completely automates expense management, kills receipt tracking and magically integrates with their accounting systems. Henrique Dubugras and Pedro Franceschi, two engineers who previously founded Pagar.me, one of the largest payment processors in Brazil with over $1.5 billion in GMV, founded Brex. Brex is backed by the co-founders of PayPal (Max Levchin and Peter Thiel), Y Combinator, Ribbit Capital, Yuri Milner, and Carl Pascarella (former CEO of Visa). Brex is building the next generation of B2B financial services with better tech and without the restrictions of legacy technology.
Investors
Barclays Investment Bank
DST Global
Spotify, DoorDash, Wish, Deliveroo, Nubank, Flexport, Rappi, Robinhood, ofo, Funding Circle
Greenoaks Capital
Deliveroo, Katerra, Robinhood, Clover Health, Brex, Discord, KeepTruckin
IVP (Institutional Venture Partners)
Compass, UiPath, LegalZoom, Domo, Rubrik, Coinbase, Sumo Logic, Brex, Discord, Oportun
Kleiner Perkins Caufield & Byers
Snap, AppDynamics, Spotify, Magic Leap, DoorDash, Instacart, Epic Games, Bloom Energy, Slack, Dollar Shave Club
Peter Thiel
Palantir Technologies, Stripe, Brex, ZestFinance, NextRoll (Adroll)
Ribbit Capital
Nubank, Robinhood, Affirm, Coinbase, Gusto, Funding Circle, Brex, LendingHome, Earnin, Upgrade
Y Combinator
Airbnb, DoorDash, Instacart, Flexport, Rappi, Stripe, Ginkgo Bioworks, Machine Zone, Zenefits, Reddit
Funding History
| January 2017 | $100K |
|---|---|
| January 2017 | $1.0M |
| April 2017 | $6.5M |
| April 2018 | $49.2M |
| October 2018 | $170M |
| October 2018 | $531K |
| June 2019 | $100.0M |
Management
Co-Founder & Chief Executive Officer
Henrique Dubugras
Co-Founder
Pedro Franceschi
Chief Sales Officer
Sam Blond
Chief Financial Officer
Michael Tannenbaum
Press
Forbes - Nov, 12 2019
Forbes - Nov, 5 2019
TechCrunch - Oct, 2 2019
TechCrunch - Sep, 24 2019
TechCrunch - Sep, 11 2019
TechCrunch - Sep, 9 2019
TechCrunch - Sep, 7 2019
TechCrunch - Aug, 8 2019
New York Times - Aug, 2 2019
en - Jul, 31 2019
TechCrunch - Jul, 30 2019
Forbes - Jul, 16 2019
prnewswire - Jun, 25 2019
businesswire - Jun, 21 2019
TechCrunch - Jun, 11 2019
TechCrunch - May, 29 2019
TechCrunch - Nov, 16 2018
TechCrunch - Nov, 8 2018
TechCrunch - Oct, 30 2018
TechCrunch - Oct, 19 2018
Wall Streets Journal - Oct, 5 2018
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