# Brex Named #4 on the 2024 CNBC Disruptor 50

Brex, the AI-powered spend platform for modern companies, has earned the No. 4 ranking on the 2024 CNBC Disruptor 50 list.

**URL Source:** https://www.brex.com/journal/press/brex-named-4-on-the-2024-cnbc-disruptor-50

---

**SAN FRANCISCO, CA – May 14, 2024 -** Brex, the AI-powered spend platform for modern companies, today announced it has earned the No. 4 ranking on the 2024 [CNBC Disruptor 50 list](https://www.cnbc.com/cnbc-disruptors/).

The annual CNBC Disruptor 50 list highlights private companies using breakthrough technology to meet increasing economic and consumer challenges. In the past year, Brex’s spend management solutions have maximized the financial performance of its tens of thousands of customers, including over 100 public companies and one-third of startups in the U.S.*

“From our roots as a corporate card for startups, we’ve grown Brex to become a global leader in spend management by redefining the way companies manage their finances – saving customers around the world hundreds of millions of dollars and millions of hours annually on spend management,” said Pedro Franceschi, Co-Founder and Co-CEO of Brex. “We’re honored to be recognized by the CNBC Disruptor 50 for the fourth consecutive year, a testament to the work of our team to revolutionize financial management for global enterprises and startups alike.”

The past year marked several significant milestones for Brex. In 2023, the company expanded its platform for customers of all sizes by launching an [integrated global travel solution](https://www.brex.com/journal/press/brex-launches-integrated-travel-solution), an AI-powered [employee expense assistant](https://www.brex.com/journal/press/brex-gives-every-employee-an-expense-assistant-with-ai), and an [accounts payables solution](https://www.brex.com/journal/press/brex-launches-payables). Brex simultaneously expanded its customer base, now ranging from high-growth startups to enterprises like DoorDash, Indeed, Coinbase, and major sports enterprises like the Boston Celtics.

Amid the Silicon Valley Bank (SVB) collapse in 2023, Brex established itself on the frontlines to support the thousands of affected companies, taking in 4,000 customers and $2 billion in deposits, and establishing a $1 billion emergency fund within 48 hours to help impacted customers make payroll. More than 90% of the customers that signed up during the week of the SVB collapse are still active Brex customers with over one third using Brex Business Accounts.

To learn more about Brex, visit [Brex.com](https://www.brex.com/).



_* Market share of customers activated on Brex out of all US-headquartered startups with <50 employees and have raised a professionally invested round in the last 8 quarters._

## Related Articles

### [Brex and Tekion Partner to Bring Embedded Spend Management to the Modern Auto Dealership ](https://www.brex.com/journal/press/brex-for-tekion-spend)

Brex is the first fully embedded corporate card and spend management solution that delivers a native spend management experience designed for automotive dealer groups.

### [Brex Helps Power OpenAI Global Spend and Financial Operations](https://www.brex.com/journal/press/brex-helps-power-open-ai-global-spend-and-financial-operations)

OpenAI is using Brex to help run their global spend and financial operations.

### [Brex launches AI-native accounting API](https://www.brex.com/journal/press/brex-launches-ai-native-accounting-api)

Brex's AI-native Accounting API automates workflows end-to-end and enables deeper integrations with ERP systems and other key integration partners.

### [Brex x FTB](https://www.brex.com/journal/press/brex-announces-partnership-with-fifth-third-bank)

Intelligent finance for the businesses that power America: Brex and Fifth Third Bank unite to deliver AI-native corporate cards and automation at unprecedented scale.

### [Brex Announces Partnership with Oracle as First Fintech Global Issuer to Power B2B Payments in Oracle Fusion Cloud ERP](https://www.brex.com/journal/press/brex-announces-partnership-with-oracle-fusion)

Powering the future of enterprise payments: Brex is the first fintech embedded in Oracle Cloud ERP, enabling global companies to pay suppliers instantly and intelligently.

### [Brex Announces Launch of Stablecoin Payments](https://www.brex.com/journal/press/brex-announces-launch-of-stablecoin-payments)

Powering the next generation of business: Brex will be the first global corporate card to offer instant balance payments with stablecoins, helping customers operate globally with speed.