About
Brex provides corporate cards and financial software targeting startups and enterprises. Valued at $12.3B; ~$700M ARR (Aug 2025) with 50% YoY growth. Serves 1 in 3 US startups and 150+ public companies including Anthropic, Scale AI, and DoorDash. Enterprise grew 91% in 2024 with 130%+ NRR. On track to be cash-flow positive by mid-2025. Raised $1.5B+ total from Greenoaks, DST Global, Kleiner Perkins, and Y Combinator.
Key Facts
- [1]Founded: Founded in 2017 in San Francisco, United States.
- [2]Funding: Total funding: $1.5B. Last round: Jan 2025. Stage: Late Stage.
- [3]Valuation: Valued at $12.3B.
- [4]Customers: Key customers include Anthropic, Scale AI, DoorDash, Robinhood.
- [5]Employees: Employee count: 501-1,000.
- [6]Revenue: Annual revenue/ARR: approximately $700M.
- [7]Website: Official website: brex.com.
- [8]AI Technology: Core AI/ML technologies: Predictive ML.
- [9]Region: Region: Americas (United States).
Founders
Henrique Dubugras
Co-founder & Chairman
Pedro Franceschi
Co-founder & CEO
Key Customers & Partners
AI Technology
Predictive ML
Traditional ML algorithms for classification, regression, and scoring models
Classification
Market Segments
Tech Stack Layers
Details
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Frequently Asked Questions
What is Brex?
Brex provides corporate cards and financial software targeting startups and enterprises. Valued at $12.3B; ~$700M ARR (Aug 2025) with 50% YoY growth. Serves 1 in 3 US startups and 150+ public companies including Anthropic, Scale AI, and DoorDash. Enterprise grew 91% in 2024 with 130%+ NRR. On track to be cash-flow positive by mid-2025. Raised $1.5B+ total from Greenoaks, DST Global, Kleiner Perkins, and Y Combinator. Brex is classified in the Banking & Payments segment at the Applications layer of the financial AI stack.
Who founded Brex?
Brex was founded by Henrique Dubugras (Co-founder & Chairman) and Pedro Franceschi (Co-founder & CEO) in 2017 in San Francisco, United States.
How much funding has Brex raised?
Brex has raised $1.5B in total funding, placing the company at the Late Stage stage. The most recent round closed in Jan 2025. The company is valued at approximately $12.3B. Brex generates approximately $700M in annual revenue. Among 38 funded Banking & Payments companies, Brex ranks #10 by total capital raised. (Source: AIFI Map directory.)
What AI technology does Brex use?
Brex primarily leverages Predictive ML technology. Traditional ML algorithms for classification, regression, and scoring models. Within the Banking & Payments segment, 19 companies use this technology.
What market segment does Brex operate in?
Brex operates in the Banking & Payments and Enterprise Finance and Lending & Credit market segments. AI-powered banking and payments companies are modernizing the core infrastructure of financial services — how money moves, how accounts are managed, and how banking operations are run at scale. The company also has a footprint in enterprise finance and lending & credit, reflecting its cross-functional approach to financial AI.
Where is Brex headquartered?
Brex is headquartered in San Francisco, United States. The company operates in the Americas region. The team consists of 501-1,000 employees. United States is home to 324 financial AI companies tracked by AIFI Map.
Who are Brex's competitors?
Companies similar to Brex in the Banking & Payments space include Unit21 ($92M raised), Kaaj ($4M raised), Lendbuzz ($310M raised), Stripe ($9.8B raised), Ramp ($2.3B raised). These companies operate in related areas of financial AI: Unit21 focuses on ai-powered fraud and aml platform. Kaaj focuses on agentic ai for small-business lending automation. Lendbuzz focuses on ai auto financing for underserved populations. (Based on AIFI Map classification data.)
What products does Brex offer?
Brex builds applications-layer solutions for the financial services industry. The company's core offering: AI corporate card and financial stack for startups. The platform is powered by Predictive ML technology. Notable users include Anthropic, Scale AI, DoorDash, Robinhood.