Brex vs Ramp: Founders, CEOs and History
Brex was founded in 2017 by Pedro Franceschi, Henrique Dubugras and is led by Pedro Franceschi. Ramp was founded in 2019 by Eric Glyman, Karim Atiyeh, Gene Lee and is led by Eric Glyman.
Company facts
Founders
Brex
Pedro Franceschi
Franceschi enrolled at Stanford in 2016 and left with Dubugras for Y Combinator's Winter 2017 batch, where the pair dropped a virtual reality idea three weeks in and started Brex.
Henrique Dubugras
Dubugras enrolled at Stanford in 2016 and left for Y Combinator in early 2017, co-founding Brex that January.
Ramp
Eric Glyman
Eric Glyman is co-founder and CEO of Ramp. After selling Paribus to Capital One, he co-founded Ramp in 2019 and has led it from its 2020 launch to more than $1 billion in annualized revenue and a $44 billion valuation in 2026.
Karim Atiyeh
Karim Atiyeh is co-founder and CTO of Ramp, responsible for the engineering behind its card platform, transaction processing and automation software. He previously co-founded Paribus with Eric Glyman and worked at Capital One after its 2016 acquisition.
Gene Lee
Gene Lee co-founded Ramp in March 2019 and worked on its early product. Public detail on his current role is limited.
CEOs and their tenures
Brex
- Pedro Franceschi2017–present
Co-Founder and Chief Executive Officer
Co-CEO from January 2017, running product, engineering and internal operations, and sole CEO since June 12, 2024.
Source - Henrique Dubugras2017–2024
Co-Founder; Co-CEO 2017 to 2024, then Chairman
External co-CEO responsible for fundraising, banking partners, regulators and selling to the largest customers. Raised the rounds that took Brex to a $12.3 billion valuation in 2021, and became chairman of the board when the co-CEO model ended in June 2024.
Source - Ben Gammell2018–present
Chief Financial Officer and President
Joined in early 2018 as VP of operations and served as chief of staff to the CEO before becoming CFO. Also oversees legal, business development, systems and data, and was named as part of the leadership team staying on under Capital One.
Source
Ramp
- Eric Glyman2019–present
Co-Founder & Chief Executive Officer
Has led Ramp since founding, taking it past $1 billion in annualized revenue and to a $44 billion valuation by June 2026.
Source - Karim Atiyeh2019–present
Co-Founder & Chief Technology Officer
Leads engineering for Ramp's card, payments and automation platform.
Source
Timeline: Brex and Ramp side by side
2017Brex
Founded during Y Combinator
Henrique Dubugras and Pedro Franceschi founded Brex on January 3, 2017, after dropping a virtual reality idea three weeks into Y Combinator's Winter 2017 batch. Ribbit Capital led a $7 million first round.
2018Brex
Launch, $50M Series B and $1.1B valuation
Brex raised a $50 million Series B in June 2018 from Y Combinator Continuity, Ribbit Capital, Peter Thiel and Max Levchin, passed 1,000 customers by August and reached a $1.1 billion valuation with a $125 million Series C in October.
2019Brex
$2.6B valuation led by Kleiner Perkins
A $100 million Series C-2 led by Kleiner Perkins in June 2019 valued Brex at $2.6 billion. Brex also launched Brex Cash, now the Brex Business Account, that year.
2019Ramp
Ramp founded in New York
Eric Glyman, Karim Atiyeh and Gene Lee founded Ramp in March 2019.
2020Brex
Three acqui-hires and a $150M extension
Brex bought Neji, Compose Labs and Landria in March 2020, adding 12 people, and raised a $150 million Series C extension in May as a cushion against a long recession.
2020Ramp
Public launch and Series A
Ramp launched in February 2020 and raised about $15 million in a Series A led by Founders Fund.
2021Brex
Bank charter bid, Weav deal and $12.3B valuation
Brex applied for a Utah industrial bank charter in February and withdrew it in August, raised $425 million at $7.4 billion in April, bought Weav for $50 million in August, went headquarterless, and agreed a $300 million round at $12.3 billion in October.
2021Ramp
Unicorn and $3.9B valuation
A $115 million Series B in April 2021 valued Ramp at $1.6 billion; a $300 million Series C in August valued it at about $3.9 billion.
2022Brex
Empower launch, Pry deal and small business exit
Brex launched Brex Empower in April with DoorDash as a customer, bought Pry Financials for $90 million, left the small business market in June and laid off 136 people in October.
2022Ramp
$100M annualized revenue, $8.1B valuation
Ramp reached $100 million in annualized revenue by early 2022 and was valued at $8.1 billion.
2023Brex
Silicon Valley Bank deposits
Brex took in billions of dollars of deposits from Silicon Valley Bank customers on March 9, 2023, the day before the bank collapsed.
2023Ramp
Series D at $5.8B and procurement launch
Raised $300 million at a $5.8 billion valuation in August 2023 and expanded into procurement.
2024Brex
20% layoff and end of the co-CEO model
Brex cut 282 jobs on January 23, 2024, ranked fourth on CNBC's Disruptor 50 list in May, and on June 12 made Franceschi sole CEO, with Dubugras becoming chairman.
2024Ramp
$7.65B valuation, ~$300M revenue run rate
Raised $150 million co-led by Khosla Ventures and Founders Fund at $7.65 billion; annualized revenue reached about $300 million.
2025Brex
Enterprise growth, EU licence and return to San Francisco
Brex said enterprise revenue grew 80% in 2024, won an EU payment institution licence in August 2025, leased about 100,000 square feet in San Francisco, and turned operating-cash-flow positive in October, according to Sacra.
2025Ramp
$1B annualized revenue and $32B valuation
Valued at $13B (March), $16B (June), $22.5B (July) and $32B (November, Lightspeed-led); passed $1 billion in annualized revenue.
2026Brex
Acquired by Capital One for $5.15B
Capital One announced the cash-and-stock acquisition on January 22, 2026, and completed it on April 7. Pedro Franceschi stayed on as CEO.
2026Ramp
$750M Series F at $44B
Raised $750 million in June 2026 led by ICONIQ Growth, GIC and Ontario Teachers'; reported in September to be in talks at about $60 billion.
Acquisitions
Brex
- Brex Inc. (acquired by Capital One)2026$5.2B
- Pry Financials2022$90M
- Weav2021$50M
- Neji, Compose Labs and Landria2020Undisclosed
Questions about Brex vs Ramp
Who is the CEO of Brex Inc. and Ramp Business Corporation?
Brex Inc. is led by Pedro Franceschi and Ramp Business Corporation is led by Eric Glyman. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was Brex Inc. founded vs Ramp Business Corporation?
Brex Inc. was founded in 2017 — 2 years before Ramp Business Corporation, which was founded in 2019. Brex Inc.'s longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger Ramp Business Corporation.
How many employees does Brex Inc. have compared to Ramp Business Corporation?
Brex Inc. employs approximately 1,100 people, while Ramp Business Corporation employs approximately 1,200. Ramp Business Corporation has the larger workforce at 1,200 employees, compared to Brex Inc.'s 1,100. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are Brex Inc. and Ramp Business Corporation headquartered?
Both Brex Inc. and Ramp Business Corporation are headquartered in United States, meaning they operate under the same primary regulatory and tax environment.
Who founded Brex Inc. and Ramp Business Corporation?
Brex Inc. was founded by Pedro Franceschi, Henrique Dubugras. Ramp Business Corporation was founded by Eric Glyman, Karim Atiyeh, Gene Lee.
Which company has a longer operating history — Brex Inc. or Ramp Business Corporation?
Brex Inc. has been operating for approximately 9 years, making it the more established of the two companies. Ramp Business Corporation has been in operation for around 7 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Brex vs Ramp overview