Brex Grows Enterprise Business 80% as Anthropic, Arm, Robinhood, ServiceTitan, Sonos, Wiz, and More Select Brex as their Modern Spend Platform
SAN FRANCISCO, Feb. 24, 2025 /PRNewswire/ -- Brex, the modern spend platform for growing businesses from startups to enterprises, today announced its enterprise business grew revenue 80%, while net revenue retention was nearly 140% YoY. This past year, Brex's overall revenue growth grew threefold with net revenue retention up 15 points.
Brex now serves over 150 public companies and global industry leaders such as Anthropic, Arm (NASDAQ:ARM), Robinhood (NASDAQ:HOOD), ServiceTitan (NASDAQ:TTAN), Sonos (NASDAQ:SONO) and Wiz. In total, Brex's enterprise customers have an estimated market cap of more than $2.9T. The continued addition of blue-chip customers underscores the rapid growth in Brex's enterprise business over the past year, following triple-digit growth the year prior.
As enterprise CFOs and finance leaders navigate an evolving business and economic landscape – facing inflation, potential tariffs, rising costs of capital and more – they've had to adapt how they manage spend and the platforms they use. Main priorities now include vendor consolidation, seamless global operations, accounting automation, and more granular spend controls. CFOs no longer want to rely on point solutions and disparate third-party tools to manage their company's finances. Instead, they are choosing integrated, interoperable solutions that help them reduce overhead and gain real-time visibility to empower them to make better business decisions. Today, Brex is the only platform uniquely positioned to meet all of these needs, with finance leaders trusting Brex to deliver a premium implementation experience and best-in-class support.
"In the past year, Brex has proven itself to be the leader in spend management for enterprise businesses," said Pedro Franceschi, CEO of Brex. "Our proprietary global financial infrastructure is the only solution that can reliably support companies with global, multi-currency operations, offering locally issued corporate cards, local settlement, and local reimbursements across 50+ countries. It's a strong market signal when leading enterprise businesses like Arm, Robinhood, ServiceTitan, Sonos, Wiz, and so many more confidently use Brex to control spend, operate globally, automate their close, and make every dollar count."
"We chose Brex as our spend provider because they truly understand the nuances of managing the financial complexities of a rapidly growing global company. Not only is Brex uniquely able to issue local cards in the currencies we operate in today, BrexPay for Navan also enables us to achieve 100% reconciliation of our global travel and expenses," said Adam Dix, Head of Finance Operations at Anthropic.
"Before Brex, we had multiple point-solutions for spend management. This was unsustainable, and did not facilitate effective control, transparency, or scalability. With Brex, we can easily manage our global spend in one place," said Gaurav Saxena, Senior Director at Robinhood.
Simplifying our financial workflows and gaining real-time visibility into our spend data was essential for us when looking for a corporate card and spend management solution - and we found that with Brex. Now we have a consolidated financial stack that directly integrates with the tools we already use, allowing us better visibility and control," said Connor Theilmann, Chief Business Officer at ServiceTitan.
About Brex
Brex is the modern spend platform, combining the world's smartest corporate card with integrated expense management, banking, bill pay, accounting automation, travel, and more. Brex makes it easy to control spend before it happens, automate manual work, and optimize your finances. That's why over 30,000 companies from startup to enterprises — including Anthropic, SeatGeek, and DoorDash — use Brex to make every dollar count. Founded in 2017, Brex enables tens of billions of dollars in transactions every year across 120 countries. To learn more, visit brex.com.
Contact
Danielle Bereznak, Director, External Communications
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SOURCE Brex
