Brex has become widely known as one of the up and coming credit cards for business owners. However, recently they have gotten into the bookkeeping business with their most recent company acquisition. The purchase, which was made privately for $90 million dollars, added budgeting software company Pry Financials to their long list of holdings. According to Brex’s CEO and co-founder Henrique Dubugras, the company was built to help startups understand and scale their businesses. The co-founder previously created digital payment platforms pagar.me as well as the Brazilian version of the popular payment integration software Stripe.
The San Francisco based 10-person startup was founded by Alex Saile,Andy Su,Hayden Jensen, and Tiffany Wong in 2019, already amassing $4.2 million total funding over the course of three years before ultimately being acquired by Brex. Their software focuses on bookkeeping for businesses, sustainindy budgets, and wide scale scalability for those startups looking to obtain seed capital. Having a customer count of just over 200 people last year, the company has experienced consistent growth at 35% per month over several business quarters. Their spreadsheet alternative software is being touted as the Excel substitute and could soon be giving tech giants like Microsoft a run for their money.
