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Brex

Brex is a San Francisco fintech founded in 2017 by Henrique Dubugras and Pedro Franceschi, selling corporate cards and spend-management software to startups and growing companies. Capital One agreed to buy it for US$5.15 billion in January 2026 and completed the acquisition on 7 April 2026.

FintechSan FranciscoFounded 2017brex.com
US$5.15Bvalue of Capital One's agreement to acquire Brex, announced 22 January 2026 — US$2.75 billion in cash plus 10.6 million Capital One sharesCNBC, 2026-01-22
7 April 2026date Capital One completed the acquisitionCapital One newsroom, 2026-04-07

The people

HD
Henrique DubugrasCo-founderprofile coming
PF
Pedro FranceschiCo-founder & CEOprofile coming

What they build

Corporate cards
Expense management
Business banking and treasury
Bill pay

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Working at Brex

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On the TechVancouver stage

Every talk is searchable — ask the archive about Brex

About

Brex is one of the more substantial pieces of stage material in the archive: co-founder Henrique Dubugras sat down with Alex Norman on the TechVancouver stage in August 2019 for a 48-minute fireside on the Vancouver fintech landscape, raising capital, and hiring through hypergrowth. Brex had been founded two years earlier, in 2017, by Dubugras and Pedro Franceschi, two Brazilian founders who sold an earlier payments company before starting it. The product is a corporate card and spend-management platform aimed at startups and growth companies. In January 2026 Capital One agreed to acquire Brex in a cash-and-stock deal valued at US$5.15 billion, and completed it on 7 April 2026.

Backers

Venture-backed through eleven rounds before the sale, and owned by Capital One since April 2026.

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Quick answers

Who owns Brex?

Capital One, which completed a US$5.15 billion cash-and-stock acquisition on 7 April 2026 after announcing the deal that January.

Who founded Brex?

Henrique Dubugras and Pedro Franceschi, in 2017. Dubugras took the TechVancouver stage in August 2019 for a fireside chat with Alex Norman.

What did Brex's co-founder talk about in Vancouver?

Raising capital, recruiting through hypergrowth, product development, and where Canadian fintech sat heading into the 2020s — a 48-minute conversation on the TechVancouver stage in August 2019.

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Maintained by TechTO · facts sourced and dated · last reviewed Aug 10, 2026