brex
A fintech company offering corporate credit cards and expense management software, which recently had its confidential financial data, including a $17M/month burn rate, leaked to the press before announcing a 20% layoff.
First Mentioned
1/5/2026, 4:53:39 AM
Last Updated
1/5/2026, 4:55:24 AM
Research Retrieved
1/5/2026, 4:55:24 AM
Summary
Brex Inc. is a San Francisco-based financial technology company founded in 2017 by Henrique Dubugras and Pedro Franceschi. Originally starting as a VR startup before pivoting during a Y Combinator program, the company provides AI-powered spend management, corporate credit cards, and cash management accounts tailored for startups and high-growth enterprises. Brex is notable for offering business charge cards that do not require personal guarantees or credit checks, instead relying on a company's cash flow and financial health. Recently, the company has been scrutinized in the 'Fintech Reckoning' for its cash burn and unit economics, specifically its LTV to CAC ratio and gross margins, serving as a case study alongside companies like Anthropic.
Referenced in 1 Document
Research Data
Extracted Attributes
Founders
Henrique Dubugras and Pedro Franceschi
Industry
Financial Services and Technology (Fintech)
Founded Date
2017-01-03
Headquarters
Salt Lake City, Utah, United States
Core Products
Corporate cards, expense management, travel, business accounts, and bill pay
Customer Count
Over 35,000 companies
Employee Count
1,001-5,000 employees
FDIC Insurance
$6,000,000
Secondary Location
San Francisco, California, United States
Minimum Account Balance
$50,000 (if professionally invested) or $100,000 (otherwise)
Timeline
- Brex is founded by Brazilian entrepreneurs Henrique Dubugras and Pedro Franceschi. (Source: Wikipedia)
2017-01-03
- Brex begins as a VR startup before pivoting to fintech three weeks into the Y Combinator accelerator program. (Source: Wikipedia)
2017-01-15
- Brex officially launches its corporate credit card products for startups. (Source: Swipesum)
2018-01-01
- Brex is featured in a 'Fintech Reckoning' discussion following financial leaks, highlighting issues with cash burn and gross margins. (Source: Document ebe1f88d-428a-4f23-a40c-fcfb4a705668)
2024-01-26
- Effective date for updated yield and return rates provided by Brex Treasury LLC. (Source: Brex.com)
2025-12-26
Wikipedia
View on WikipediaBrex
Brex Inc. is an American financial service and technology company that offers business credit cards and cash management accounts to technology companies. Brex cards are business charge cards, which require at least $50,000 in a bank account if professionally invested, if not with $100,000 to open, and cardholders who default won't damage their personal credit or assets. Emigrant Bank issues the Brex cards.
Web Search Results
- The Complete Guide to Brex: A Masterclass for High-Growth ...
Brex is a financial technology company that offers a suite of products designed to help business owners manage their expenses more efficiently. At the heart of Brex’s offerings is the Brex Card, a corporate credit card that stands out for its unique approach to credit. Unlike traditional corporate credit cards, the Brex Card does not consider a business owner’s personal credit score, making it an attractive option for entrepreneurs with little to no credit history. [...] Brex is a financial technology (fintech) company that offers a suite of financial services designed specifically for startups, e-commerce businesses, and high-growth companies. Since its launch in 2018, Brex has expanded its offerings from corporate credit cards to include cash management solutions, embedded financial services, and expense management tools. The Brex business account provides comprehensive business banking solutions, including high-yield treasury access and additional FDIC [...] The Brex Card is a corporate credit card designed specifically for startups and fast-growing companies. What makes it unique? Brex does not require a personal guarantee, which is a game-changer for many entrepreneurs. Traditional corporate credit cards often require the business owner to personally back the card, putting their own credit at risk. Brex, however, extends credit based on the company’s financial health and cash flow, making it ideal for venture-backed startups, e-commerce
- Brex: The Modern Finance Software Platform | Spend Smarter | Brex
Brex is a financial technology company, not a bank. The Brex business account consists of Checking, a commercial checking account provided by Column N.A., Member FDIC, and Treasury and Vault, cash management services provided by Brex Treasury LLC, Member FINRA/SIPC. [...] Brex: The Modern Finance Software Platform | Spend Smarter | Brex , and is effective as of 12/26/25. Additional return is effective as of 12/26/25 and paid by Brex Treasury LLC. Yield and additional return are variable and only earned on invested funds in Treasury. Yield and additional return are provided monthly and automatically reinvested. More details on current rates here. Brex Inc. | 650 S 500W Suite 300 | Salt Lake City, UT 84101 [...] Certain payment services are provided by Brex Payments LLC, a licensed money transmitter (NMLS #2035354). Some Brex products have associated fees. Plans start at $0 per user, per month, and more advanced features are available for $12 per user, per month.
- Brex: Business accounts, corporate cards, and ... - Y Combinator
Brex is the AI-powered spend platform for modern companies, from startups to enterprises. Combining corporate cards, expense management, travel, business accounts, and bill pay, Brex makes it easy to control spend before it happens with unprecedented efficiency and accuracy. Our mission is to empower employees anywhere to make better financial decisions, so we designed our platform to make expenses almost effortless with unrivaled automation of manual expense work and real-time tracking. Brex [...] Home›Companies›Brex # Brex Business accounts, corporate cards, and spend management software. Winter 2017 Active FintechSan Francisco --- ### Business accounts, corporate cards, and spend management software. [...] supports more countries and currencies than any other spend solution. Brex has tens of thousands of customers, including some of the most successful, high-growth companies, such as DoorDash, SeatGeek, Coinbase, ScaleAI, MasterClass, Indeed, Allbirds, and Superhuman. Brex offers: - Corporate cards with 10-20x higher limits - Business accounts with easy wires, same-day liquidity, fast global payments, and $6M in FDIC insurance - Reward options that include billboards, offsites, and coaching -
- Brex - Wikipedia
17. ^"About Us - Brex". _brex.com_. Archived from the original on 2023-03-07. Retrieved 2023-03-12. Brex is backed by Y Combinator, Kleiner Perkins, DST Global, PayPal co-founders Max Levchin and Peter Thiel, Lone Pine Capital, and fintech specialist Ribbit Capital.`{{cite web}}`: CS1 maint: bot: original URL status unknown (link) [...] Brex was founded by Brazilian entrepreneurs Henrique Dubugras and Pedro Franceschi on January 3, 2017. They had previously founded an online payments company, Pagar.me, before selling it to Stone.( Brex began as a VR startup; however, the founders pivoted the company to fintech three weeks into Y Combinator's 12-week accelerator program.( [...] Brex Inc. is an American financial service and technology company that offers business credit cards and cash management accounts to technology companies.( Brex cards are business charge cards, which require at least $50,000 in a bank account if professionally invested, if not with $100,000 to open, and cardholders who default won't damage their personal credit or assets.( Bank issues the Brex cards.( History [edit]
- Brex
Brex (20h): Of course Santa uses Brex for his workshop, he’s extremely efficient. Thanks Molly O'Shea for gathering end of year thoughts from SF founders 🎄 [Likes: 28, Comments: 1]; Brex (3d 5d): Proud to serve CFOs everywhere 🔥 [Likes: 20, Comments: 1]; Brex (6d): Introducing Brex Mode, the intelligent finance summit of the future. We’re bringing together today’s innovators to explore how AI is transforming strategy, operations, and growth. You’ll gain practical insights and priceless [...] # Brex The AI-powered intelligent finance platform. Financial Services • San Francisco, California • 292,113 followers • 1,001-5,000 employees ## Overview Brex is the intelligent finance platform, combining the world’s smartest corporate card with integrated expense management, banking, bill pay, and travel. Over 35,000 companies, including Anthropic, SeatGeek, and Atari, use Brex to spend smarter and move faster. ### Website ### Crunchbase ### LinkedIn ### Industry Financial Services [...] insights: [Likes: 233, Comments: 25]; Brex (1w): ICYMI: This year, we gave ambition a tagline. New employer brand. New EVP. New career page. New campaign. Same ambition at the core: helping every Brex employee be the founder of their career. Learn more in the comments. [Likes: 18, Comments: 1]; Brex (1w): Expense management, but make it 2x faster. Fullsteam uses Brex to stay efficient and manage their many entities in one place. See how they do it: [Likes: 31, Comments: 0]; Brex (1w): Thanks
Location Data
Brexbach, Höhr-Grenzhausen, Westerwaldkreis, Rheinland-Pfalz, Deutschland
Coordinates: 50.4493051, 7.6517469
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