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Brex

Global corporate cards and spend platform including bill pay

Overview

Brex was launched in 2017 and provides corporate cards, spend management software and business banking, increasingly using AI agents to automate finance workflows[3]. On 7 April 2026 Capital One Financial Corporation announced it had completed its acquisition of Brex in a stock-and-cash transaction, with founder Pedro Franceschi remaining chief executive of Brex[3]. Capital One did not disclose the price in its announcement.

The product is sold in four packages. Essentials is free and includes global card acceptance, one local card programme, AI-assisted policy rules, up to two entities, bill pay, reimbursements, travel booking and API access[2]. Premium adds multiple expense policies, review chains, AI audit detection, multi-entity support across the US and other countries, VAT documentation and live budgets[2]. Enterprise lifts the entity limit and adds local card issuance and a named account manager, and a separate Smart Card offer targets procurement with local-currency cards in more than 50 countries[2]. Brex states its cards are accepted in more than 210 countries and territories and that it holds SOC 2 Type II and PCI DSS compliance[2].

The acquisition introduces uncertainty about how the product and pricing will evolve inside a large bank, and the Enterprise and Smart Card tiers are quote-only.

Brex features

  • Points rewards up to 7x by category
  • Local-currency cards in 50+ countries (company figure)
  • No personal guarantee; EIN-based application
  • Multiple expense policies and review chains (Premium)
  • Bill pay and reimbursements
  • Travel booking included free
  • Global cards accepted in 210+ countries
  • Local cards and billing in 50+ countries

Brex pricing

Essentials: US$0 per user per month with card, bill pay, reimbursements and free travel booking. Premium: US$12 per user per month, adding multi-entity support, ERP and HRIS integrations, VAT documentation and live budgets. Enterprise and the procurement-oriented Smart Card are quote-based. Brex states it charges no foreign transaction fees, though an FX markup of up to 3% may apply on conversion.

Brex strengths and limitations

Strengths

  • Broad local-currency card coverage
  • Points-based rewards with category multipliers
  • Now backed by a large US bank holding company
  • Free entry-level software tier
  • Strong multi-entity and multi-currency coverage
  • Free tier includes bill pay and travel

Limitations

  • Integration into Capital One may change products and rewards
  • Conversion markup of up to 3% outside local cards
  • Brex's own pages give inconsistent country counts for local cards
  • Issuing bank varies and is not stated per customer
  • Product roadmap now set inside a bank holding company
  • Enterprise and Smart Card prices unpublished

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