Brex

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FOUNDING YEAR: 2017
LOCATION: United States
Last Update: 19/01/2021

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About

Brex makes credit cards and cash management easier and faster for growing companies.

MEDICI Analysis

Brex offers corporate credit cards and an expense management solution for businesses which are issued in collaboration with Visa. It allows them to signup for the cards online and they will receive a virtual card instantly and the physical card will be delivered within 3-5 business days. The company also offers cards without personal guarantees, credit scores, social security numbers, or security deposits. Recently, Brex was selected for the 2019 Forbes Fintech 50 startups list.

Focus

PRODUCTS & SERVICES

The company offers cards for startups and e-commerce companies which come with advanced fraud protection, automatic monthly payments, and worldwide acceptance facilities. These virtual cards are provided within instant signup and the users can also choose an option of physical cards which are delivered within 3-5 business days. It also provides an expense management dashboard through which companies can add cardholders and set individual limits based on business needs and can also be integrated with major accounting software such as QuickBooks and Xero.

REVENUE MODEL

The company earns its revenue by charging $5 per user per month.

EXISTING PARTNERSHIPS

The company has integrations with QuickBooks®

Xero™

NetSuite®

and Expensify®.

Traction

VALUATION / MARKET CAP:

$2.6 B in 2019

VALUATION COMMENT:

The company has a valuation of $2.6 billion

COMPANY TYPE:

For Profit

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

7

TOTAL FUNDING

$207.24 M

DATE OF LAST FUNDING

May 2020

IPO STATUS

Private

ESTIMETED REVENUE RANGE

$10M to $50M

SEED & PRIOR FUNDING

$240 K

SEED CLOSED ON

Mar 2017

FUNDING SERIES

SERIES A  · $7 M  · Apr 2017

SERIES B  · $50 M  · Jun 2018

SERIES C  · $150 M  · May 2020

DEBT FUNDING

$200 M

LISTED

NO

company provided insights

Acquisitions

ACQUIREE NAME

Elph Network

ANNOUNCED DATE

Mar 2019

PRICE

---

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

162,111

AVERAGE VISITS (6 MONTHS)

172,646.11

MONTHLY VISITS GROWTH

3.29%

VISIT DURATION

221

VISIT DURATION GROWTH

6.89%

PAGE VIEWS VISIT

5.62

PAGE VIEWS VISIT GROWTH

2.82%

BOUNCE RATE

34.87%

BOUNCE RATE GROWTH

2.09%

GLOBAL TRAFFIC RANK

164,896

MONTHLY RANK CHANGE

-35,953

MONTHLY RANK GROWTH

-17.9%

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