Brex is all-in-one finance for growing businesses. We help companies spend, save, and earn smarter—and take every dollar further—by doing more than a bank, bookkeeping, or reward program could ever do alone. After completing the Y Combinator accelerator program in 2017, Brex has grown to over 600 employees and raised over US $940 million in venture capital.
Today, Brex and Capital One are announcing the largest bank-fintech deal in history for $5.15B, joining forces to build the most important financial platform for businesses in the US.
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To give you a sense of the scale of what we ll build together, Capital One today operates orders of magnitude ahead of Brex on almost any metric: $900B in annual card GMV, $700B in assets, $150B in market cap, a $6B marketing budget, and a $6B R&D budget. By combining Brex s technology, product, and go-to-market success with Capital One s unprecedented scale, brand, distribution, and balance sheet, we will supercharge our go-to-market and product development with levels of investment that will accelerate our mission by over a decade.
Reviewers mostly praise Brex for making finance operations faster and easier to control, with cards, reimbursements, bill pay, approvals, and spend limits managed in one place. Users also like the easy dashboard, strong visibility, solid credit limits, and accounting integrations. Some say it beats manual processes and other tools, though reporting, mobile app reliability, support on billing issues, and parts of bill pay and reimbursements can feel buggy or in flux. The sharpest criticism is sudden account closures and harder startup onboarding, which some describe as deeply disruptive.
Brex feels fantastic because it makes finance operations fast, centralized, and much easier to control.
What stands out most is that you can manage cards, reimbursements, vendor payments, bills, approvals, and spend controls in one place. It also gives good visibility into who spent what, lets you set limits and policies, and reduces a lot of back-and-forth between employees, finance, and vendors.
What needs improvement
detailed reporting options (2)mobile app (2)
More transparent support for billing issues, faster resolution times, and clearer explanations when something behaves unexpectedly would make the overall experience even better.
vs Alternatives
We considered other corporate card and expense management solutions, but chose Brex because it offered the best combination of ease of use, spend controls, reimbursements, bill pay, and real-time visibility in one platform.
"Brex – Great for Growth, But Startups Might Struggle Now"
I’ve been with Brex for a few years now, and it’s been an overall solid experience. They’re great if you’re looking to streamline expenses and keep things organized, and it’s clear they’ve built a system for scaling businesses.
What Brex Does Well:
- Expense Management & Tracking: Brex makes it easy to manage expenses with virtual cards and spend controls. It’s a huge plus if you’re handling various departments and want to set limits or monitor specific costs. Really shines for keeping everything organized.
- Perks & Integrations: They offer some decent perks, and the integrations make syncing with accounting tools smooth. It definitely helps simplify things when you’re handling a lot of transactions.
The Not-So-Good:
- Virtual Card Creation Is Now a Hassle: This used to be one of Brex’s standout features. Creating virtual cards was quick and simple, and it helped us separate specific costs (like Facebook ad spends) without a lot of manual effort. But recently, it’s become harder to create new virtual cards... not ideal when you’re managing multiple accounts.
- Onboarding Isn’t as Startup-Friendly Anymore: We recently raised funds for a new startup, but getting that new account set up on Brex was surprisingly complicated. It used to be a straightforward process, but now it feels more geared toward larger companies. For startups looking to hit the ground running, the onboarding process can feel like a barrier instead of an asset.
FINAL TAKE
Brex is still a powerful tool for growing companies, especially if you’ve got a lot of expenses to manage and need structure around spending. But... for startups and those who loved the old flexibility with virtual cards, it might not feel as accessible as it once did. Faster, simpler processes would go a long way in keeping Brex startup-friendly.
What's great
expense tracking (5)integrations with accounting tools (2)
definitely better than alternatives, and hosts quite a few features that beat using a manual system of bank cards + spreadsheets + emails etc., but doesn't mesh together perfectly. some features like bill pay & reimbursements have been flimsy and buggy from our experiences, and the constant changes of vendor cards -> budgets -> spend limits + cards means we have to adjust our internals every couple months to match. fine for a smaller company but i can imagine it getting annoying at scale. great product still!