Brex Named to Fast Company’s Annual List of the World’s Most Innovative Companies of 2024
March 2024
SAN FRANCISCO, CA – (March 19, 2024) — Brex, the AI-powered spend platform for startups and enterprises, has been named to Fast Company’s prestigious list of the World’s Most Innovative Companies of 2024. The company earned the standing of No. 4 in the Finance category.
This year’s list shines a spotlight on businesses that are shaping industry and culture through their innovations. These organizations are setting new standards and achieving remarkable milestones in all sectors of the economy. Alongside the World's 50 Most Innovative Companies, Fast Company recognizes 606 organizations across 58 sectors and regions.
“Since the beginning, Brex has revolutionized how companies manage spending. Our core belief was simple: by deeply integrating fintech and software into a single platform, we could create an amazing customer experience that makes it easy to manage spend at scale, and increase the ROI of every dollar spent. We started as a corporate card, and in six years became the leader in the spend management space,“ said Henrique Dubugras, co-founder and co-CEO of Brex. “To be recognized on Fast Company’s Innovative Companies list is a testament to our commitment to our customers across the startup community and global enterprises.”
The first anniversary of the Silicon Valley Bank (SVB) collapse earlier this month demonstrates how Brex has been on the front lines of supporting startups and enterprises alike in becoming more intentional and strategic about managing their finances. Between March 9 and March 16 2023, Brex took in 4,000 customers and $2 billion in deposits, and within 48 hours Brex established a $1B emergency bridge loan to help impacted companies make payroll. More than 90% of the customers that signed up during the week of the SVB collapse are still active Brex customers, and more than 1/3 of customers now use Brex business accounts.
Recent product launches have also demonstrated Brex’s commitment to its customer base. Brex’s holistic spend management platform debuted in October 2022 and reached $3B in processing volume less than 3 months after launch. Brex has continued to expand the platform, launching hundreds of new capabilities since it went live, enabling companies to manage global spend, all in one place. Brex has seen a steep increase in customers ranging from high-growth startups to enterprises like DoorDash, Indeed, and Coinbase.
To learn more about Brex, visit brex.com.
About Fast Company
Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with our sister publication Inc., and can be found at fastcompany.com.
Brex is the AI-powered spend platform for modern companies, from startups to enterprises. Combining corporate cards, expense management, travel, business accounts, and bill pay, Brex makes it easy to control spend before it happens with unprecedented efficiency and accuracy. Our mission is to empower employees anywhere to make better financial decisions, so we designed our platform to make expenses almost effortless with unrivaled automation of manual expense work and real-time tracking. Brex supports more countries and currencies than any other spend solution. Brex has tens of thousands of customers, including some of the most successful, high-growth companies, such as DoorDash, SeatGeek, Coinbase, ScaleAI, MasterClass, Indeed, Allbirds, and Superhuman.
Contact
press@brex.com