Brex , simply put, is a startup for startups.
A venture-backed company can have millions in the bank and not get approved for a credit card. That's because the traditional financial institutions want to see a credit history, which few new companies have, before issuing that precious piece of plastic. Brex solved for the problem by giving corporate credit cards to startups based on their available cash balance — including money raised through venture funding — and using data to predict a startup's future ability to pay.
In the last year, Brex grew beyond its roots as a "black card for startups" to include abank account product that gives customers the ability to send payments, new credit cards with rewards tailored for e-commerce and healthcare businesses, a members-only lounge, anda restaurant.
Each new product brings Brex closer to the financial services leaders it wants to unseat. Henrique Dubugras, the company's 24-year-old cofounder and chief executive, told Business Insider that in the long run, the goal is not to become a bank — but to create an collection of products for saving and spending money, in the same way that Apple owns computing through its product suite.
This list of top employees is focused on staff who are helping the company take on legacy finance institutions, as opposed to the technical talent at the startup. They include the people tasked with raising funding, rolling out new products, keeping customers happy, and signing on rewards partners, as well as the people responsible for plastering San Francisco with Brex advertisements.