Brex
Corporate cards, spend management, banking and travel for startups and enterprises, acquired by Capital One for $5.15bn in a deal that closed in April 2026, with the founders staying on to run it.
| Founded | 2017, San Francisco |
|---|---|
| Founders | Pedro Franceschi (CEO), Henrique Dubugras |
| Ownership | Capital One since 7 April 2026, in a US$5.15bn cash-and-stock acquisition; previously private with about US$1.5bn raised and a US$12.3bn peak valuation in 2022 |
| Revenue | About US$500m to US$700m a year across cards, software and interest |
| Customers | More than 25,000 companies, from venture-backed startups to enterprises such as DoorDash and Anthropic |
| What it does | Corporate cards, expense management, bill pay, business accounts, travel and an AI-native accounting API for ERP automation |
| Recent moves | Sale to Capital One; AI-native accounting API launched in 2026; enterprise push after retreating from small businesses in 2022 |
| Pricing | Essentials free; Premium about US$12 per user per month; Enterprise on quote |
| Markets | US, with international cards |
| Peers | Ramp, Navan, BILL, Airbase, Mercury |
Why it matters
Brex’s $5.15 billion sale to Capital One in 2026 is the first exit of the spend management generation to a bank, and it sets the ceiling for what Ramp’s rivals are worth. For finance teams the question is whether a bank-owned Brex keeps shipping software as fast as an independent Ramp.
Accountio coverage
Updated September 2026.
Part of Accountio’s accounting technology coverage.
