Brex Inc.
Acquisitions
3
Major Deals Covered
$140M
Disclosed Deal Value
Brex's largest disclosed acquisition here is Pry Financials for $90M in 2022. This page covers 3 major deals from 2020 to 2022, each with its price where disclosed and the reason behind it.
| Company | Year | Price | Purpose |
|---|---|---|---|
| Neji, Compose Labs and Landria | 2020 | Undisclosed | Brex bought three small startups in March 2020: blockchain startup Neji, web publishing startup Compose Labs and internal database company Landria. All three were mainly hires; 12 people joined Brex in total. |
| Weav | 2021 | $50.0M | Brex paid $50 million in August 2021 for Weav, a one-year-old Israeli startup that offered a universal API for commerce platforms. It was Brex's first significant acquisition. |
| Pry Financials | 2022 | $90.0M | Brex bought Pry, a 10-person financial planning startup from San Francisco, for $90 million in April 2022. Pry's software handled budgeting, hiring plans, financial models and cash runway forecasts for founders. |
2022
$90M
Brex bought Pry, a 10-person financial planning startup from San Francisco, for $90 million in April 2022. Pry's software handled budgeting, hiring plans, financial models and cash runway forecasts for founders.
Added planning and forecasting tools to the software Brex sells alongside its cards.
Integrated into Brex's software suite for startups.
2021
$50M
Brex paid $50 million in August 2021 for Weav, a one-year-old Israeli startup that offered a universal API for commerce platforms. It was Brex's first significant acquisition.
Gave Brex data connections into commerce platforms and became the base for an engineering hub in Israel.
Weav's team formed Brex's Israel innovation hub.
2020
Brex bought three small startups in March 2020: blockchain startup Neji, web publishing startup Compose Labs and internal database company Landria. All three were mainly hires; 12 people joined Brex in total.
Added engineering staff as Brex built out its bank alternative for startups.
Teams absorbed into Brex; terms were not disclosed.
Brex's growth since 2024 has come from enterprise customers, international companies and partners. It serves more than 300 public companies, holds an EU payment institution licence obtained in August 2025, and distributes its cards through other software: Brex Embedded partners include Navan, Zip, Coupa and Sabre, and Brex is the default commercial card for Fifth Third Bank's commercial clients, according to Sacra. Under Capital One, the plan is to reach far more mainstream US businesses through the bank's distribution.
Brex makes most of its money from interchange, the fee a merchant's bank pays each time a Brex card is used. Sacra estimates Brex collects about 2.7% of card volume as gross revenue and keeps roughly 65% gross margin after paying its issuing and network partners. Software is a growing second stream: Brex Essentials is free, while Brex Premium costs $12 per user per month and adds approval chains, live budgets, AI expense audits and travel policies. Brex also earns fees from the partner banks and funds that hold customer cash, and transaction revenue from bill pay. The card is the entry point; software, banking and payments are sold as the customer grows.
Its reported deals include Neji, Compose Labs and Landria in March 2020, Weav for $50 million in August 2021 and Pry Financials for $90 million in April 2022. TechCrunch counted nine acquisitions by 2022, most of them acqui-hires.
Pry, a 10-person startup, made financial planning software for founders covering budgets, hiring plans and cash runway. Brex paid $90 million in April 2022 to add those tools to its platform.
An Israeli startup, about a year old, that offered a universal API for commerce platforms. Brex bought it for $50 million in August 2021, its first significant acquisition, and used it to set up an Israel hub.
Capital One, for $5.15 billion in cash and stock. The deal was announced on January 22, 2026, and closed on April 7, 2026.
BofA Securities and Wachtell, Lipton, Rosen & Katz advised Capital One. Centerview Partners was Brex's financial adviser, with Wilson Sonsini and Simpson Thacher & Bartlett as legal advisers.
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