Brex stock & equity tools

Brex, a subsidiary of Capital One, is an American fintech company that offers credit cards and cash management accounts as well as a spend management software platform to startup technology companies.

Source: Wikipedia (CC BY-SA 4.0)

Henrique Dubugras and Pedro Franceschi (Brazilian ex-Pagar.me founders) launched Brex in 2017 through Y Combinator, building corporate cards, expense management, and business banking for startups. After peaking at a $12.3B valuation in 2022, the distributed Delaware C-corp endured 11% layoffs that October and a 20% cut in January 2024 before refocusing on enterprise (Q1 2025 enterprise revenue grew 70%, NRR exceeded 130%, customers include OpenAI, DoorDash, Airbnb). Brex hit operating-cash-flow positive in October 2025 and shipped its Agent Mesh and Brex Assistant for autonomous finance workflows. Capital One agreed in January 2026 to acquire Brex for $5.15B, closing April 7, 2026.

Sources: en.wikipedia.org · paymentsdive.com · venturebeat.com

Equity comp at Brex

• Brex RSU grants require both a time-based service condition and an event-based liquidity condition (an IPO or acquisition). Employees who leave before the liquidity event forfeit all RSUs that have not yet satisfied the event trigger, even if the time-based vesting is complete. This structure is stricter than some double-trigger designs: the event trigger has no carve-out that accelerates vesting upon separation, so exiting before an IPO or change of control means forfeiting all equity that has not yet settled.

Sources: brex.com

Researched 2026-05-10.