Brex, the spend platform for businesses from startups to enterprises, announced its enterprise business grew revenue “80%, while net revenue retention was nearly 140% YoY.”
This past year, Brex’s overall revenue growth reportedly “grew threefold with net revenue retention up 15 points.”
Brex now serves public companies and global industry platforms such as Anthropic, Arm (NASDAQ: ARM), Robinhood (NASDAQ: HOOD), ServiceTitan (NASDAQ: TTAN), Sonos (NASDAQ: SONO) and Wiz.
In total, Brex’s enterprise customers have an “estimated market cap of more than $2.9T.”
The continued addition of blue-chip customers “underscores the rapid growth in Brex’s enterprise business over the past year, following triple-digit growth the year prior.”
As enterprise CFOs and finance leaders navigate an evolving business and economic landscape – “facing inflation, potential tariffs, rising costs of capital and more – they’ve had to adapt how they manage spend and the platforms they use.”
Main priorities now reportedly include “vendor consolidation, seamless global operations, accounting automation, and more granular spend controls.”
CFOs no longer want to rely on point solutions and “disparate third-party tools to manage their company’s finances.”
Instead, they are choosing integrated, interoperable solutions that help them reduce overhead and “gain real-time visibility to empower them to make better business decisions.”
Today, Brex is the platform positioned to meet all of these needs, with finance leaders trusting Brex to “deliver an implementation experience and support.”
Pedro Franceschi, CEO of Brex said:
“Our proprietary global financial infrastructure is the only solution that can reliably support companies with global, multi-currency operations, offering locally issued corporate cards, local settlement, and local reimbursements across 50+ countries. It’s a strong market signal when leading enterprise businesses like Arm, Robinhood, ServiceTitan, Sonos, Wiz, and so many more confidently use Brex to control spend, operate globally, automate their close, and make every dollar count.”
Gaurav Saxena, Senior Director at Robinhood said:
“Before Brex, we had multiple point-solutions for spend management. This was unsustainable, and did not facilitate effective control, transparency, or scalability. With Brex, we can easily manage our global spend in one place.”
Connor Theilmann, Chief Business Officer at ServiceTitan said:
Simplifying our financial workflows and gaining real-time visibility into our spend data was essential for us when looking for a corporate card and spend management solution – and we found that with Brex. Now we have a consolidated financial stack that directly integrates with the tools we already use, allowing us better visibility and control.”
As covered, Brex is the modern spend platform, “combining the corporate card with integrated expense management, banking, bill pay, accounting automation, travel.”
Brex explains that it makes it easy to control spend “before it happens, automate manual work, and optimize your finances.”
That’s why companies from startups to enterprises — “including Anthropic, SeatGeek, and DoorDash — use Brex to make every dollar count.”
Founded in 2017, Brex says that it enables billions of dollars in transactions every year across 120 countries.