Brex


Financial technology company that provides corporate card programs, business banking (checking, treasury, and cash management), expense and bill-pay automation, accounting automation with ERP integrations, travel and spend management, and APIs and mobile applications. The platform emphasizes AI-powered automation, real-time reporting, global payments in local currencies, and integrations with partner systems. The company also operates broker-dealer and treasury subsidiaries and discloses applicable regulatory memberships and licensed money-transmitter status.

Industries

N/A

Nr. of Employees

small (1-50)

Brex

650 S 500W Suite 300, Salt Lake City, UT 84101, USA


Patents

Serverless data ingestion for transforming and delivering data in system endpoints

US-12353378-B2

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Message data placeholders for replacement in data elements with stylized components during message communications

US-12301521-B2

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Multi-layer data cache to prevent user experience interrupts during feature flag management

US-12217058-B2

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Authorization and access control system for access rights using relationship graphs

US-12210638-B2

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Code generation and tracking for automatic data synchronization in a data management system

US-11900476-B2

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Data tracing identifiers for tracking data flow through a data model and computing services

US-11861568-B2

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Products

Corporate card

Card issuance and management system for corporate and virtual cards with spend controls and policy enforcement.

Business banking (checking, treasury, vault)

Checking, treasury and vault services with integrated liquidity management and program-bank FDIC sweep arrangements; yields via money-market fund investments.

Expense management

Expense submission, automated receipts capture, approvals, travel booking integration, and policy enforcement with AI assistance.

Accounting automation

Automated GL coding, accrual booking for incomplete expenses, and AI-generated suggestions with native ERP integrations.

Bill pay

Invoice entry, approval automation, and vendor payments with global bill-pay capability in local currencies.

Travel and travel-expense management

In-app travel booking, itinerary changes, and reconciliation capabilities integrated with payments and corporate cards.


Services

Onboarding, integration, and implementation services to connect accounting systems, ERP platforms, and payment workflows.

Expertise Areas

  • Expense and spend management
  • Accounting automation and ERP integration
  • Corporate card program management
  • Business banking and treasury operations
  • Show More (5)

Key Technologies

  • AI-powered automation
  • Two-way ERP integrations
  • RESTful APIs
  • Mobile application platforms (iOS/Android)
  • Show More (4)

News & Updates

Article describing a partnership to improve travel payment reconciliation for enterprise companies.

Reported metrics include $51.2B in customer spend in policy, 11.25M hours saved with automation, and $588.8M total customer rewards (totals based on data through May 2024).

Announced over 175 product features and improvements, including an impact dashboard, global bill pay, and accounting automation enhancements.

Reported serving more than 30,000 companies.


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