Yes, Brex is legit.
Brex is an American financial service and technology company headquartered in San Francisco.
Founded in 2017 by Henrique Dubugras and Pedro Francheschi, Brex is actually the 2nd company that two brilliant friends started together.
Both brilliant self-taught coders, the two young Brazilians first met online when they were 16 and struck up a friendship. Realizing their similar entrepreneurial tech ambitions, they decided to strike out together and in 2016, they sold their first payments company, Pagar.me, for tens of millions of dollars.
Several years later, and their 2nd entrepreneurial brainchild Brex now has 10,000 corporate customers, a recent $425 million fundraising round, and more than $300 million in credit lines from Barclays and Credit Suisse.
Brex is now valued at roughly $7.4 billion, and both Dubugras and Fracheschi are worth around $400 million each. Per its business model, Brex offers business credit cards and cash management accounts to technology companies. Brex has zero fees, and offers the option of investing idle funds in money market funds.
As CEO and co-founder, Dubugras wants to keep Brex growing, with the hope that their company will be able to provide corporate credit cards to companies all over the world, so that "every growing company can realize their full potential."
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