Business accounts, corporate cards, and spend management software.
Public company, workplace, funding, and market signals
Updated Aug 2, 2026
Brex is a San Francisco-founded financial-services/fintech platform for startups, growth companies and enterprises. It combines corporate cards, banking/treasury, expense management, travel, bill pay and accounting automation in an integrated intelligent-finance platform. Brex completed its acquisition by Capital One on April 7, 2026 and continues operating under the Brex brand.
Primary product
An AI-powered global spend-management and business-finance platform: corporate cards plus expense management, travel, bill pay, banking/treasury and accounting/ERP automation.
Founded
2017
Headquarters
San Francisco, California, United States
Team size
1,000–2,000 (third-party/current profile estimate; YC lists 1,000)
Work style
Hybrid
Industry
Financial services
Sub-industry
Fintech; corporate cards, spend management and embedded business-finance software
Offices
Business model
Stage
Acquired / post-venture-backed growth company; now a Capital One subsidiary
Total raised
$1.7B
Latest round
Capital One acquisition · Apr 2026
Latest amount
$5.2B
Apr 2026 · Capital One Financial Corporation
Jan 2025 · Citibank, with TPG Angelo Gordon participating
Oct 2021 · Greenoaks Capital and TCV
Oct 2021 · Not explicitly stated
Apr 2021 · Tiger Global
Apr 2021 · Tiger Global Management
May 2020 · Lone Pine Capital; DST Global (participants)
Equity / Growth Round (June 2019)
Jun 2019 · Kleiner Perkins Digital Growth Fund
Jun 2019 · Kleiner Perkins Digital Growth Fund
Apr 2019 · Barclays
Jan 2019 · Not specified
Oct 2018 · Greenoaks Capital, DST Global and IVP
Oct 2018 · Not explicitly stated
Jun 2018 · Y Combinator Continuity
Apr 2017 · Ribbit Capital
Leadership
Co-founder and CEO
Co-founder and Chairman of the Board
Chief Technology Officer
Chief Revenue Officer
Ben Gammell
President and Chief Financial Officer
Chief People Officer
EVP, Global Financial Products
Founders
Henrique Dubugras [LinkedIn](https://www.linkedin.com/in/henriquedubugras)
Founder and Chairman
Investors
Brex describes itself as a high-agency, founder-oriented “launchpad, not a landing pad,” emphasizing ambitious goals, ownership, speed, customer obsession, growth mindset and operating close to the work. It explicitly warns that the pace and expectations are intense, while emphasizing transparency, autonomy and leaders who operate at all levels.
Work style
Hybrid
Compensation
Brex publicly signals competitive compensation and benefits, but public sources reviewed did not provide a reliable company-wide salary range. Individual job postings may contain role- and location-specific ranges; do not generalize those into a company-wide figure.
Benefits
Pricing
Essentials: $0 per user/month; Premium: $12 per user/month; Enterprise: custom pricing. Card and related payment economics are separate from software-plan pricing and may include contracted usage, overages and conversion fees.
Differentiators
Technology
Customers
Competitors
Estimated revenue
Approximately $200M–$700M annually; public estimates conflict, including a $279M annualized net-revenue figure in Q4 2023, a $283M third-party estimate, and press-reported $500M expected 2025 run-rate. Not audited.
Estimated monthly visits
919.9K
Traffic estimate as of Jun 2026
Capital One completed its acquisition of Brex in a cash-and-stock transaction reported at $5.15 billion. Brex is now a wholly owned subsidiary/operating business of Capital One, creating integration, roadmap and ownership-change risk.
SourceBrex cut 282 employees, approximately 20% of staff, in a restructuring intended to increase agility and accelerate profitability.
SourceBrex laid off approximately 136 employees, about 11% of staff, amid restructuring and a worsening venture/startup funding environment.
SourceBrex shifted upmarket and stopped serving many smaller businesses that lacked professional VC, angel or accelerator funding; this created customer-disruption and strategic-concentration risk.
SourceBrex · Jun 2026
Brex announced an embedded spend product inside Tekion’s automotive retail platform, extending its API-driven card and reconciliation infrastructure.
Capital One · Apr 2026
Capital One announced completion of its cash-and-stock acquisition of Brex.
Brex / PR Newswire · Mar 2026
Brex announced OpenAI as a customer and described its AI-native global issuing, spend visibility and automation capabilities.
Brex · Jan 2026
The two-way Accounting API, initially integrated with Rillet and Campfire, is intended to automate ERP synchronization, expense coding and month-end close.
Crunchbase News · Jan 2026
Capital One agreed to acquire Brex in a cash-and-stock deal valued at $5.15 billion; the acquisition represents a significant strategic move into business payments and comes after Brex had raised approximately $1.7B in equity and debt since 2017. The deal reflects a valuation lower than Brex's peak private valuation and is described in coverage as a major bank–fintech transaction [Crunchbase News](https://news.crunchbase.com/ma/capital-one-acquisition-fintech-startup-brex).
251 jobs at Brex