FinTech Magazine December 2024 | Page 51

BREX
CREDIT : BREX
TOP 10 – DECACORNS

09

Brex
CLICK TO WATCH : Brex 2024 Fall Release

BREX

CEO : PEDRO FRANCESCHI REVENUE : £ 225M ( US $ 292M ) EMPLOYEES : 1,545 FOUNDED : 2017
Pedro Franceschi , Brex has quickly established itself as a major force in the fintech sector , achieving a remarkable valuation of £ 9.6bn ( US $ 12.4bn ) and joining the exclusive club of decacorn companies . The firm has transformed corporate financial services by introducing highlimit credit cards and specialised spend management tools designed for startups and rapidly expanding businesses . With the backing of investors , Brex has successfully raised £ 1.17bn ( US $ 1.5bn ) in funding . Its cutting-edge platform , which seamlessly combines credit cards , business accounts and expense monitoring , now serves a diverse client base of over 20,000 customers spanning more than 100 countries . This impressive growth trajectory has positioned Brex as a significant contender in the global fintech arena . fintechmagazine . com 51