Brex

Brex is valued at approximately $12 billion, offering corporate cards, expense management, and business banking products designed specifically for startups and enterprise companies. Founded in 2017 by Stanford dropouts Henrique Dubugras and Pedro Franceschi, Brex reached $1 billion in annual revenue faster than any other B2B fintech in history. Its 2022 decision to exit SMB customers and focus exclusively on tech startups and enterprises was controversial but proved prescient as the 2022 correction wiped out many SMB-focused competitors.