How much is Brex worth?

The new capital marks Brex’s largest fundraise to date, and was compiled at a valuation that is more than double its most recent private valuation. According to , Brex’s mid-2020 Series C valued the company at just over $3.0 billion, including the investment’s $150 million in issued equity.

What happened to Brex in 2022?

In April 2022, Brex launched Brex Empower, a financial software platform to help people comply with their employers' expense policies. In June 2022, Brex exited the small and midsize businesses (SMB) market, shifting the company's focus to serving enterprise customers.

Does Brex have a Zapier API?

For customers without in-house developers, Brex also announced a partnership with Zapier, which will allow the automation of workflows among products “without having to write a single line of code.” With the Brex API, the company added, developers can build workflows that are customized for their company’s individual needs.

Who owns Brex bank?

In February 2021, the company announced a submission application with the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions (UDFI) to establish an industrial bank named Brex Bank, a wholly-owned subsidiary of Brex.