Brex: Company Profile & Valuation

Brex is an American fintech company, founded in January 2017 by Brazilian entrepreneurs Henrique Dubugras and Pedro Franceschi, and headquartered in San Francisco. It offers corporate credit cards, cash-management accounts, and a spend-management software platform used by more than 35,000 companies, from startups to scaled businesses and ecommerce brands. Brex began as a virtual-reality startup in Y Combinator before pivoting three weeks later to offer credit cards to venture-backed startups without a credit history.

Capital One agreed to acquire Brex in January 2026 and completed the purchase that April, making the company a Capital One subsidiary instead of an independent business preparing for an IPO.

Listed funds carry late-stage private names. A fund's latest schedule of investments shows whether it holds Brex.

Often trade at a premium or discount to NAV.

Platforms match existing holders with buyers. Brex availability at any moment is set by the holders.

High minimums, transfer approval, company right-of-first-refusal.

Valuations, rounds and IPO status for every company in the directory — Brex included.

The closest financial technology (corporate cards and spend management) peers are on the competitors page.

The routes section explains what is realistically available for a company at this stage.

No. Brex was acquired by Capital One; its shares do not trade independently.

The last valuation is $5.2B (tender, Apr 2026).