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Company pair · Fintech

Brex vs PhonePe

Fintech Brex acquired PhonePe filed US · IN No Canborsa market

Brex vs PhonePe: two of the better-known names in fintech, compared side by side.

On this pageSide by side Valuation marks What each discloses Verdict FAQ

BrexACQUIRED · US

PhonePeFILED · IN

Last valuation$5.15B$14.5B

Basis Tender Post-money

As ofApr 2026Oct 2025

Founded20172015

Employees≈1,100≈12,558

On CanborsaNo marketNo market

At a glance

$5.15B

BrexTender, Acquisition · Apr 2026

$14.5B

PhonePePost-money, General Atlantic growth round · Oct 2025

An acquisition mark and a going-concern print stay on separate scales

Gap

0 of 2

On CanborsaNeither company has a market

Head-to-head · field by field

Brex vs PhonePe — side by side

Field

BrexACQUIRED · FOUNDED 2017

PhonePeFILED · FOUNDED 2015

Last valuation

$5.15B Tender

$14.5B Post-money

Valuation date

7 Apr 2026

30 Oct 2025

Valuation basis

Tender

Post-money

Latest round

Acquisition

General Atlantic growth round

Round size

$5.15B

$600M

Round lead

Capital One Financial

General Atlantic

Named investors

Ribbit Capital Y Combinator Continuity Peter Thiel Max Levchin

General Atlantic Walmart Ribbit Capital Tiger Global

Founded

2017

2015

Employees (est.)

≈1,100

≈12,558

Sector & HQ

Financial technology (corporate cards and spend management) · 🇺🇸 US

Digital payments and financial services (fintech) · 🇮🇳 IN

Status & market

Acquired — no Canborsa market

Filed — no Canborsa market

Valuation · both companies on one scale

Valuation marks

Each bar is the last disclosed mark — $5.15B for Brex (tender, Apr 2026) and $14.5B for PhonePe (post-money, Oct 2025).

Brex

$5.15BTender · Apr 2026

PhonePe

$14.5BPost-money · Oct 2025

BREX · $5.15B · APR 2026PHONEPE · $14.5B · OCT 2025

Brex vs PhonePe · what each company discloses

What each company discloses, and what it leaves out

BrexACQUIREDFintech · US · 2017

+Last disclosed mark $5.15B — tender, Apr 2026.

+Founded 2017 .

+≈1,100 employees.

+Latest round: Acquisition, $5.15B raised, led by Capital One Financial.

PhonePeFILEDFintech · IN · 2015

+Last disclosed mark $14.5B — post-money, Oct 2025.

+Founded 2015 .

+≈12,558 employees.

+Latest round: General Atlantic growth round, $600M raised, led by General Atlantic.

Verdict

Verdict

The $5.15B tells you…

What buyers paid for shares that already existed — existing shares changed hands in a tender.

The size of that transaction:$5.15Bin Apr 2026.

Existing shares moved between holders; the company's balance sheet stayed unchanged.

The $14.5B tells you…

What an investor paid for newly issued shares — a primary round, priced post-money.

How much capital arrived with it:$600M, led by General Atlantic in Oct 2025.

A dated print: it moves only when a newer round is announced.

A tender print and a post-money print are priced by different buyers under different terms, so the two numbers stay side by side, each with its own chip, and no ratio is scored. Both are private: there is no public quote and no Canborsa market on either name.