Brex Announces Three Acquisitions To Bolster Product


New companies enhance Brex Security, Ecommerce Product, and Infrastructure

SAN FRANCISCO–(BUSINESS WIRE)–Brex, the corporate card that accelerates entrepreneurs and scaling businesses, today announced three acquisitions that add meaningful engineering and product talent to its ranks.

Caribbean News Global Brex_Logo_CopperSlash_TRANS_BGD_(1) Brex Announces Three Acquisitions To Bolster Product

“Brex is committed to helping growing businesses scale, especially in challenging environments,” said Henrique Dubugras, co-Founder and co-CEO of Brex. “We look forward to bringing the talented team members at Neji, Compose Labs and Landria onto the Brex team”.

Neji, a San Francisco-based startup building blockchain and networking technologies for businesses, joined Brex to redouble its security, privacy and risk posture as Brex advances its product development roadmap. Neji specializes in addressing the security and networking challenges of scaling distributed ledgers across hybrid-cloud and multi-cloud deployments. “Protecting customer data and assets is mission critical to us at Brex and so I am very excited to welcome Neji to the Trust team” said Shruti Gupta, Brex Director of Engineering, Trust. The Neji team brings a wealth of experience at organizations including Google, Amazon, and Microsoft. Prior to Neji, the team members worked together for over a decade across multiple technology companies.

Compose Labs, a San Francisco-based startup that powers next-generation video experiences, including the popular educational platform CommonLounge, joined Brex to enhance Brex’s rapidly growing Ecommerce product, launched in February 2019. Specifically, the Compose Labs team will expand the quality and sources of Brex Ecommerce underwriting data while also building out valuable expansion products. “Data engineering is critical to the future of our Ecommerce product as Brex seeks to ensure that we have 10x data advantages for all of the customers we underwrite” offered Miguel Rios-Berrios, Brex Director of Engineering, Data. The team has founded several startups together over the last seven years and has experience at Microsoft, MIT and the Indian Institute of Technology.

Landria, a San Francisco-based startup that builds internal knowledge databases for companies, joined Brex to augment Brex’s core technology infrastructure. Specifically, Landria organizes business SaaS tools into a single cohesive experience with unified search and navigation. “The team at Landria is incredible and we’re so fortunate to harness their talent and energy to strengthen the core infrastructure that powers the millions of transactions and thousands of customers on the Brex platform” said Elena Tatarchenko, Brex Engineering Manager, Foundation. The team worked together for two years and brings experience from organizations including Twilio, Palantir and the Central Intelligence Agency.

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About Brex

Brex is transforming B2B payments by creating corporate cards, rewards, and travel programs that are tailored to specific industries. In 2018, Brex launched the first corporate card and rewards program specifically designed for startups. Just as Brex reimagined corporate credit card onboarding, underwriting, rewards and statements, Brex has used its technology to navigate the financial and regulatory hurdles that typically exacerbate negative banking product experiences. With its latest product, Brex Cash, growing companies can get instant access to their account through an all-online signup process, easily manage users and permissions, and benefit from clean, transparent statements. Brex is backed by Y Combinator Continuity, Peter Thiel, Max Levchin, and more, and has raised $315M in equity and $300M in debt capital. The company’s headquarters are in San Francisco with additional offices in Vancouver, B.C., and the Salt Lake Valley. Read the Brex platform agreement here:

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Sutherlandgold for Brex

Yalda Rafie