Brex Company Profile (2026)
Company Profile | Fintech & Spend Management | Updated August 2026
Brex: AI-Native Corporate Card and Spend Management with $950M Revenue and $12.3B Valuation
Brex is a financial technology company providing AI-native corporate cards, business accounts, spend management, and expense software for high-growth companies. Founded in 2017 and headquartered in San Francisco, California, Brex reached approximately $950 million in revenue in 2026 with a $12.3 billion valuation (January 2022). Brex serves startups, enterprises, and SMBs with corporate cards, banking, expenses, bill pay, and travel management.
Executive Summary
Brex is a financial technology company serving startups, enterprises, and SMBs globally. The company is privately held and headquartered in San Francisco, California, with offices worldwide.
Brex's approach is based on an AI-native financial platform combining corporate cards, business accounts, spend management, expenses, bill pay, and travel. The platform is designed for high-growth companies to manage financial workflows.
In 2026, Brex reached approximately $950 million in revenue, up from $500M ARR in 2024-2025. The company is valued at $12.3 billion following its $300 million Series D-2 round in January 2022, led by Greenoaks Capital.
Brex serves thousands of businesses globally, including startups, enterprises, and SMBs. The company's moat is capturing financial workflow density through cards, banking, and expense layers.
Company Overview
Brex was founded in 2017 by Henrique Dubugras and Pedro Franceschi and is headquartered in San Francisco, California. The company is privately held and has raised substantial funding from major investors.
Brex develops an AI-native financial platform with corporate cards, business accounts, spend management, expenses, bill pay, and travel. The company's products include Brex Card, Brex Banking, Brex Expenses, Brex Bill Pay, and Brex Travel.
The company serves thousands of businesses globally, with approximately 1,100 employees.
Company History
Brex was founded in 2017 by Henrique Dubugras and Pedro Franceschi in San Francisco, California. The company started as a corporate card for startups without personal guarantees.
Brex raised funding through multiple rounds, including a $150 million Series D in 2021 ($7.4 billion valuation), $300 million Series D-2 in January 2022 ($12.3 billion valuation), and additional funding in 2023-2024.
Brex reached $500M ARR in 2024-2025 and approximately $950M revenue in 2026. The company is valued at $12.3 billion.
Leadership
- Henrique Dubugras – Co-Founder and Chief Executive Officer – Leads Brex's business strategy, product vision, and growth.
- Pedro Franceschi – Co-Founder and Chief Technology Officer – Oversees technology development and engineering.
- Michael Tannenbaum – Chief Financial Officer – Manages financial strategy and operations.
- Sam Blond – Chief Revenue Officer – Leads global sales and revenue organization.
Henrique Dubugras and Pedro Franceschi serve as CEO and CTO, respectively, and have led Brex from a startup to a $12.3B valuation.
Products & Services
Brex Card
Brex Card is the core product, providing corporate credit cards without personal guarantees. It is designed for startups, enterprises, and SMBs to manage employee spending.
Brex Card pricing is based on interchange fees and custom enterprise pricing.
Brex Banking
Brex Banking provides business accounts, cash management, and treasury services. It enables businesses to manage deposits, payments, and cash flow.
Banking is available on paid plans with custom pricing.
Brex Expenses, Bill Pay, Travel
Brex Expenses provides expense management and reimbursement, Bill Pay provides vendor payment automation, and Travel provides corporate travel booking and management.
AI-Powered Features
Brex AI features include automated expense categorization, spend insights, fraud detection, and financial workflow automation. AI is embedded throughout the platform.
Financial Technology & AI Strategy
Brex's strategy is to become the AI-native financial platform for high-growth companies. The company believes financial workflows will transform through AI automation, integrated cards, banking, and expenses.
- AI-native financial platform (Card, Banking, Expenses, Bill Pay, Travel).
- ~$950M revenue in 2026.
- $12.3B valuation (January 2022).
- Thousands of businesses globally.
- Focus on financial workflow density.
Business Model
Brex operates as a private fintech company selling financial platforms. Its model includes interchange fees, SaaS subscriptions, FX services, and enterprise spend management.
Brex reached approximately $950M revenue in 2026, up from $500M ARR in 2024-2025.
Financial and Corporate Profile
| Metric | Figure or description |
|---|---|
| Legal name | Brex Inc. |
| Founded | 2017 |
| Founders | Henrique Dubugras, Pedro Franceschi |
| Headquarters | San Francisco, California, United States |
| Ownership | Private, venture-backed |
| CEO | Henrique Dubugras |
| Revenue | ~$950M (2026) |
| ARR | $500M (2024-2025) |
| Valuation | $12.3B (January 2022 Series D-2) |
| Total Funding | ~$1.5B across 8 rounds |
| Employees | ~1,100 |
| Key investors | Greenoaks Capital, DST Global, GIC, Tiger Global, Y Combinator, Ribbit Capital |
Competitive Landscape
Brex competes with other corporate card, spend management, and fintech companies.
| Competitor group | Examples | Competitive overlap |
|---|---|---|
| Corporate cards | Ramp, Divvy, Mercury, Stripe Issuing | Corporate credit cards and spend management |
| Spend management | Ramp, Coupa, Expensify, BILL Spend & Expense | Expense management and bill pay |
| Business banking | Mercury, Novo, SVB, traditional banks | Business accounts and treasury services |
| Fintech platforms | Stripe, PayPal, Square, Adyen | Financial infrastructure and payments |
Key Takeaways
- Brex is an AI-native corporate card and spend management platform.
- Founded in 2017 by Henrique Dubugras and Pedro Franceschi.
- Brex reached ~$950M revenue in 2026, $500M ARR in 2024-2025.
- Valued at $12.3B (January 2022).
- Key products include Brex Card, Banking, Expenses, Bill Pay, Travel.
- Brex competes with Ramp, Divvy, Mercury, Coupa, Expensify, BILL, and others.
- Brex revenue and valuation. Sacra.
- Brex revenue model analysis. Miracuves.
- Brex revenue and valuation data. GetLatka.
Profile compiled August 2026. This article is intended for editorial and informational purposes and does not constitute investment advice.
