Brex

img São Paulo, Brazil
201 - 500 employees
Industries
Technologies

Brex is rebuilding B2B financial products, starting with a corporate credit card for technology companies. We help startups of all sizes (from recently incorporated to later-stage companies) to instantly get a credit card that has 20x higher limits, completely automates expense management, kills receipt tracking and magically integrates with their accounting systems. Brex was founded by Henrique Dubugras and Pedro Franceschi, two engineers who previously founded Pagar.me, one of the largest payment processors in Brazil with over $1.5 billion in GMV. Brex is backed by the co-founders of PayPal (Max Levchin and Peter Thiel), Y Combinator, Ribbit Capital, Yuri Milner, and Carl Pascarella (former CEO of Visa). Brex is building the next generation of B2B financial services with better tech and without the restrictions of legacy technology.

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News

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Brex adapts to tough times, but is it only skin deep?

1 year ago

Contxto – It has been an interesting year for Brex. The fintech who had such a troubled year that they have decided to change things but only superficially. Back in May, the company had received a US$150 million investment, and planned on hiring 400 employees—but this year has turned differently—by June it had laid off […]

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Alude offers a free real estate platform and it just raised US$3.3M with big-name VCs

1 year ago

Contxto – Get this: proptech Alude was launched in Brazil in 2019 and its team currently consists of nine people (three of which are the co-Founders). Nonetheless, it’s attracted big names in venture capital for its seed round. Today (30) the real estate startup announced it closed US$3.3 million. And interestingly, Allude had multiple round […]

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Brazilian startups in Silicon Valley close US$2 million plus in funding over 2 years

1 year ago

Contxto – Brazil’s ecosystem is growing—and that’s not necessarily within its borders. Brazilian entrepreneurs and venture capital (VC) firms in Silicon Valley are looking to play an important role in strengthening the startup scene. Non-profit BayBrazil has been tracking this quite carefully. This organization recently arranged a survey that found that 11 startups with Brazilian […]

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Latam 2050: The fastest growing global region in three decades?

1 year ago

Today’s Soapbox opinion was written by Gonzalo Simons, Chief Strategy Officer at uSound, Contxto – To reach this strategic target, it is essential to contextualize ourselves within the four industrial revolutions: 1st Industrial Revolution (1786-1850) Lever for growth: Steam Engine. Impacted industry: Transportation/manufacture Impact: It was possible to increase human productivity 8X 2nd Industrial Revolution (1850-1920) […]

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Rockstart accelerator will offer something other programs don’t—a credit card for startups

1 year ago

Contxto – There have been quite a few examples of startups dishing out credit cards for individual consumers. Although this time around it’s a different ecosystem player that’s helping founders foot the bill without using their own pocket money. Rockstart, an accelerator with offices in Colombia, will release a credit card for startups. The minds […]

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Fintech Brex undergoes restructuring, layoffs ensue

1 year ago

Contxto – One step forward, two steps back. In May, fintech Brex disclosed a US$150 million investment. Although last Friday (29), it announced 62 people would lose their jobs. Likewise, there would be some internal changes at Brex. These changes are part of the unicorn’s shift in focus from growth to building its product. As […]

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Fintech Brex raises US$150 million in Series C extension

1 year ago

Contxto – Brazilian-founded Brex raised an investment for US$150 million as an extension of a previous Series C round. Returning investors include DST Global and Lone Pine Capital. The fintech had been experiencing a serious growth spurt through its core product: a corporate credit card for startups. For now, Brex will focus on product development […]

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