TIME spoke with Henrique Dubugras, CEO of payments platform Brex, about his company, the banking crisis, and the upsides of working in a bad market
ot many people start multi-billion dollar businesses, and you can count on two hands the number of people who achieve that goal before they’re 30. Henrique Dubugras, 27, CEO of payments platform Brex, and his cofounder Pedro Franceschi, 26, are two of them. The pair came to the U.S from Brazil in 2016—after founding and selling fintech company Pagar.me in Brazil—to attend Stanford University, before dropping out after less than a year to start the company. By 2022, Brex was valued at $12.
The same thing we did with credit cards, we did with banking. You can open a business account in real time. We make payments super easy for you. But at the same time we have software that makes it super easy to pay your bills. So, for example, if you want to pay an invoice you just upload a picture of that invoice and we’re going to automatically find the bank account, we’re going to assign it to the right budget, we’re going to integrate it into your accounting software.
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