FORBES WRITING

Created in 2017 in Silicon Valley by Brazilians Pedro Franceschi and Henrique Dubugras - both under 30 in the 2015 edition, when they were at the head of Pagar.me -, Brex issues corporate credit cards focused on startups in the United States and, with less than two years of operation, has already achieved the status of unicorn.

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In April 2021, fintech announced that it had received an investment of US $ 425 million in its D series, in a round led by the Tiger Global fund, with the participation of  TCV, GIC, Baillie Gifford, Madrone Capital Partners, Durable Capital Partners LP, Valiant Capital Management and Base10, Y Combinator Continuity, Ribbit Capital, DST Global, Greenoaks Capital, Lone Pine Capital and IVP. The transaction raised the company's valuation to $ 7.4 billion - more than double the valuation obtained at the end of the $ 150 million series C, completed last year.

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With full cash, Henrique Dubugras said that the investment will boost the startup's growth and will be used to “build the complete financial solution for all businesses”. According to the company's founders, the great difference is the service's agility: they promise the digital version of the card within five minutes after registering on the platform and the physical in up to five days.

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Over the years, Brex has expanded and created new product offerings. Today, in addition to business accounts and credit cards, it offers an expense management platform for businesses of all sizes. In the first quarter of 2021 alone, the company's total customer base grew 80%, according to data released by the startup itself.