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Brex: company research
Last checked Oct 2, 2026
Brex offers corporate cards, business accounts and spend-management software aimed at startups and growing companies, founded in 2017 by Henrique Dubugras and Pedro Franceschi. Capital One acquired Brex in April 2026 in a cash-and-stock deal valued at about $5.15B. (from our editorial profile)
Key facts
- Industry
- Fintech (corporate cards & spend management)
- Headquarters
- San Francisco, CA
- Founded
- 2017
- Size
- 1,100+ employees
- Website
- brex.com
(from our editorial profile)
Technology and AI
Brex describes its platform as AI-native, using AI to automate approvals and expense reports, and AI-powered invoice entry and payment automation. It states that 71% of all expenses prepared on Brex are handled entirely by automations, and that accounting is accelerated with AI-generated suggestions and two-way ERP integrations. Brex has also published engineering content titled "How we built an AI oncall engineer at Brex" and "Building autonomous agents for technical tasks: 5 lessons learned".
Source: brex.comRecent moves
Capital One announced a definitive agreement to acquire Brex in a combination of stock and cash valued at $5.15 billion, with the transaction expected to close in the middle of calendar year 2026. Upon completion, Pedro Franceschi will continue to lead Brex as part of Capital One. Brex also announced a partnership with Navan, described as unlocking 100% travel payment reconciliation for enterprise companies.
Source: capitalone.comCompetitors and position
Brex states that it invented the integrated combination of corporate credit cards, spend management software and banking together in a single platform, and that it has built a vertically integrated platform from the bottom of the tech stack to the top. It positions itself as a category creator that brought together financial services and software into one AI-native platform.
Source: capitalone.comLeadership
- Pedro FranceschiFounder and CEO
- Henrique DubugrasCo-CEO
In the news
How this page is made: facts come from the company's own site, Wikidata and a web search, and every section links the page it was read on. Anything without a source is left out rather than guessed. It can still be out of date or wrong, so check anything you would act on.