Pricing score

Brex Pricing Profile

Brex is a financial technology platform designed to help businesses manage their finances more effectively through a suite of tools that streamline expense management, corporate credit, and cash flow optimization.

HQ Location

San Francisco, California, USA

Category:

Finance

Key Takeaways

Reporting

With reporting tools, businesses can analyze spending patterns, monitor compliance with budget limits, and identify opportunities for cost savings.

Automation

The platform allows users to upload receipts and provides automated matching, reducing the time and effort required for manual expense tracking.

Integration

Brex includes a range of integrations with accounting and financial software, helping businesses streamline their workflows and maintain accurate financial records. The platform’s focus on automation, compliance, and real-time insights makes it an attractive solution for companies looking to simplify their financial operations.

Product Overview

Brex is tailored primarily for startups, small to medium-sized enterprises, and tech-focused companies, providing them with the resources they need to scale efficiently.

One of Brex’s key offerings is its corporate card, which allows businesses to issue physical and virtual cards to employees for business expenses. The Brex card is unique in that it does not require a personal guarantee, enabling companies to separate personal and business finances while gaining access to credit based on their business performance rather than personal credit scores. This is particularly beneficial for startups and high-growth companies that may not have established credit histories.

Additionally, Brex offers a cash management feature, allowing companies to manage their cash flow more effectively. Users can access a high-yield business bank account that integrates with their existing financial systems, providing visibility into cash positions and enabling easier management of funds.

INSIGHTS

Our insights about Brex pricing

Free plan available

Brex's accounting software integration requires a backend authenticated connection, granting the company extensive access to financial data without clear transparency

Brex does not charge monthly fees for its corporate card services, making it a cost-effective solution for businesses

Available Pricing Models

How much does Brex cost?

Brex offers the free plan called Essentials for startups and growing companies. It includes global corporate cards, business account and bill pay, $6M FDIC coverage and 4.52% yield, in-app travel booking and support, integrated expense management and more.

Premium

Custom expense policies and approvals, managed travel, Live Budgets with real-time tracking, custom procurement workflows, custom, automated HRIS and advanced accounting integrations, dedicated support for admins.
The price is $12 per user/month.

Enterprise

Local cards and billing in 50+ countries, locally funded payments in 40+ countries, unlimited policy customization, advanced roles and permissions, custom compliance and audit reports, top-tier onboarding and support.
Custom pricing.

What users say about Brex pricing

Jeffrey L.

Managing cash flow is a daily task, even with our customer base and revenues increasing at an astronomical rate. Brex knows that we are a terrific credit risk and allows us to grow even faster.

Verified Reviewer

The recent addition of early payment is clutch. I used to not like the fact that it had to be paid monthly.

Lai H.

The virtual cards give the accounting team some control over spending.

Joe A.

If you are a small startup and want free stuff (Twilio credit, WeWork credit, etc.), Brex is great. You get free goodies and free bonuses that can help you boostrap on the cheap. If you are a legitimate busienss that has real revenue with real employees, I would advise you to stay away. If you are successful enough to be at this point, the bonuses aren't worth the tradeoffs.

Verified Reviewer

Brex changed over the past year from having net 60 payments to close to getting rid of that. Now they are more of bank, but failed to let their existing customers know.

Jeffrey L.

Managing cash flow is a daily task, even with our customer base and revenues increasing at an astronomical rate. Brex knows that we are a terrific credit risk and allows us to grow even faster.

Joe A.

Verified Reviewer

The recent addition of early payment is clutch. I used to not like the fact that it had to be paid monthly.

Verified Reviewer

Brex changed over the past year from having net 60 payments to close to getting rid of that. Now they are more of bank, but failed to let their existing customers know.

Lai H.

The virtual cards give the accounting team some control over spending.

Brex Pricing Rating

Scalability: 4.6/5

Brex provides flexible credit limits based on business performance, making it a suitable choice for startups and growing companies looking to scale without personal credit score limitations.

Cost Savings: 4.6/5

With no annual fees and a competitive cash back rewards program, Brex helps businesses save on costs while maximizing their spending benefits, enhancing overall financial efficiency.

Pricing Structure: 4.8/5

Brex features a transparent pricing model with no hidden fees, allowing businesses to easily understand their costs and manage their budgets effectively, although there are mixed reviews regarding the reliability of promotional offers.

FAQ on Brex Pricing

How does Brex's corporate card work?

Brex's corporate card allows businesses to issue physical and virtual cards to employees for business expenses. It does not require personal guarantees, and credit limits are based on business performance rather than personal credit scores.

What rewards does Brex offer?

Brex provides a competitive cash back rewards program, offering cash back on various categories of spending, which can lead to significant savings for businesses.

Can I integrate Brex with my accounting software?

Yes, Brex integrates with various accounting and financial software, making it easy for businesses to sync their financial data and streamline their expense management processes.

Are there any limitations on using the Brex card?

While Brex does not impose annual fees, businesses should review any specific restrictions related to card usage, such as transaction limits or spending categories.