Founder & Chairman
Since Mar 2017 · 9 yrs 8 mos
Profile summary: Pagar.me • Founder and CEO
Brex
AcquiredBrex provides an integrated business account combining commercial checking, corporate credit cards, and cash management services for companies. The platform offers FDIC-insured Vault accounts, Treasury investment options with competitive yields, and expense management tools. Plans start at $0 per user per month, with advanced features available at $12 per user per month.
- Artificial Intelligence
- Enterprise Software
- Financial Technology
- Software Only
Updated 13 days ago
Funding
Raised to date
$1.2BRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
$1.1B across 6 disclosed rounds
+31$300M · Series D Follow-On
Announced Oct 2021
Disclosed cumulative: $1.1B
6/6
Reported total $1.2B
Incomplete round history. $143M of the $1.2B reported total isn’t matched to a known round.
RoundDateAmountValuationInvestors
Founders
Product
Problem
Businesses often struggle to manage their finances across multiple disconnected platforms, requiring separate accounts for checking, credit, and cash management. This fragmentation creates operational inefficiencies, complicates cash flow visibility, and makes it difficult to optimize returns on idle funds while maintaining liquidity.
Solution
Brex delivers an all-in-one business account that unifies commercial checking, corporate credit cards, and cash management services within a single platform. The checking component, provided by Column N.A., offers FDIC-insured deposits, while the Treasury service invests funds in government money market funds like DGVXX to generate yield. The Vault product distributes balances across program banks to maximize FDIC insurance coverage. Businesses can manage spending, track expenses, and monitor cash positions through one dashboard, with additional returns on Treasury balances calculated daily and paid monthly based on applicable balance tiers.
Target Audience
Primary customers are startups, small-to-medium businesses, and growing companies that need streamlined financial operations, including checking, credit, and cash management, without managing multiple banking relationships.
Features
- Integrated business account combining Checking, Treasury, and Vault services in one platform
- Commercial checking provided by Column N.A. with FDIC insurance
- Treasury service offering investments in government money market funds with annualized total returns between 3.48% and 3.83%
- Vault product distributing funds across program banks for expanded FDIC insurance coverage
- Corporate credit cards issued through multiple bank partners, including Mastercard and Visa networks
- Tier-based additional return rates determined daily by total Brex balance across all account components
- Plans starting at $0 per user per month with advanced features available at $12 per user per month