| Founded | 2017 |
|---|---|
| Closed | 2022 |
| Country | USA |
| Sector | Fintech |
| Total raised | $1.5B+ |
| Collapse type | Silent Shutdown |
| Founder | Henrique Dubugras, Pedro Franceschi |
Brex (SMB Exit)
"The $12B fintech that built its brand on SMB customers — then sent 10,000 of them 30-day termination notices to refocus on enterprise"
Quiet closure with no public announcement
Key Events Timeline
Brex launched in 2017 as a corporate card for startups, specifically targeting companies that could not access traditional business credit.
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