Brex Overview
Pro stress-test →Founded in 2017, Brex is a software suite for global companies to manage cards, expenses, and business accounts, having raised over $1.5 billion in equity funding. The company was acquired by Capital One on April 7, 2026, in a transaction valued at approximately $2.75 billion in cash plus roughly 10.6 million shares. As of the acquisition, Brex had 1,100 employees and its business was growing 40% year over year while being profitable.
Strategic Profile
Pro stress-test →Brex pioneered a free corporate card model targeting venture-backed startups, monetizing through roughly 2.7% interchange revenue and serving as a wedge to deepen customer relationships as companies grew, using cash holdings to set 10x-20x higher credit limits than traditional players. The platform offers tools for corporate cards, expense management, travel, bill pay, banking, and treasury services, serving startups, mid-size companies, and enterprises with features for spend control, expense automation, vendor payments, and accounting automation.
Competitive Landscape
Pro stress-test →Top competitors include Ramp, Tide, and Mercury. Brex fell behind its largest rival Ramp, which as of November 2025 was valued at $32 billion having raised $2.3 billion in equity. The corporate spend management market remains highly competitive with multiple well-funded players offering similar card and expense management functionality.
Industry Context
Brex operates in Financial Software / Fintech.
Key facts
Founded: 2017 · Headquarters: San Francisco, US · Employees: 1,806 (as of April 2026) · Revenue: $700M (2025)