FinTech Magazine January 2020 | Page 65

[ HQ SAN FRANCISCO , CA , US ]
MARKET VALUATION

US $ 2.6bn

65

08 Brex

[ HQ SAN FRANCISCO , CA , US ]

Brex was founded in 2017 by Pedro Franceschi and Henrique Dubugras , who both moved to Silicon Valley in order to create the service for entrepreneurs . In 2018 , Brex launched its first corporate card for startups , following a $ 57mn round of funding . Soon after , it introduced its rewards programme , and announced a partnership with TravelBank to allow Brex users to book travel directly through its platform . In 2019 , the fintech launched a corporate card for ecommerce companies , as well as announcing a number of new partnerships including one with Clear Channel , which enables it to offer discounted advertising .
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