Brex

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FOUNDING YEAR: 2017
LOCATION: United States
Last Update: 17/07/2020

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About

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

People

FOUNDERS

Pedro Franceschi

Henrique Dubugras

Henrique Dubugras

Pedro Franceschi

NUMBER OF EMPLOYEES

201-500

INVESTORS:

and Саrl Pаsсаrellа.

Credit Suisse

DST Global

EXOR

Greenoaks

IVP

Max Levchin

One Way Ventures

Peter Thiel

Ribbit Capital

SV Angel

Y Combinator

Yuri Milner

Momentum

FUNDED

YES

TOTAL FUNDING

$207.24 M

DATE OF LAST FUNDING

May 2020

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

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