# Brex Named to Fast Company’s Annual List of the World’s Most Innovative Companies of 2024

Brex's AI-powered spend platform joins the ranks of Nvidia, YouTube, and more on Fast Company’s List of the World’s Most Innovative Companies.

**URL Source:** https://www.brex.com/journal/press/brex-named-to-fast-companys-most-innovative-companies-of-2024

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**SAN FRANCISCO, CA – **(March 19, 2024) — Brex, the AI-powered spend platform for startups and enterprises, has been named to _Fast Company_’s prestigious list of the World’s Most Innovative Companies of 2024. The company earned the standing of No. 4 in the Finance category.

This year’s list shines a spotlight on businesses that are shaping industry and culture through their innovations. These organizations are setting new standards and achieving remarkable milestones in all sectors of the economy. Alongside the World's 50 Most Innovative Companies, _Fast Company_ recognizes 606 organizations across 58 sectors and regions.

“Since the beginning, Brex has revolutionized how companies manage spending. Our core belief was simple: by deeply integrating fintech and software into a single platform, we could create an amazing customer experience that makes it easy to manage spend at scale, and increase the ROI of every dollar spent. We started as a corporate card, and in six years became the leader in the spend management space,“ said Henrique Dubugras, co-founder and co-CEO of Brex. “To be recognized on Fast Company’s Innovative Companies list is a testament to our commitment to our customers across the startup community and global enterprises.”

The first anniversary of the Silicon Valley Bank (SVB) collapse earlier this month demonstrates how [Brex has been on the front lines](https://www.brex.com/journal/reaffirming-brexs-commitment-to-customers-one-year-after-the-svb-crisis) of supporting startups and enterprises alike in becoming more intentional and strategic about managing their finances. Between March 9 and March 16 2023, Brex took in 4,000 customers and $2 billion in deposits, and within 48 hours Brex established a $1B emergency bridge loan to help impacted companies make payroll. More than 90% of the customers that signed up during the week of the SVB collapse are still active Brex customers, and more than 1/3 of customers now use [Brex business accounts](https://www.brex.com/product/business-account).

Recent product launches have also demonstrated Brex’s commitment to its customer base. Brex’s holistic spend management platform debuted in October 2022 and reached $3B in processing volume less than 3 months after launch. Brex has continued to expand the platform, launching hundreds of [new capabilities](https://www.brex.com/product-announcements) since it went live, enabling companies to manage global spend, all in one place. Brex has seen a steep increase in customers ranging from high-growth startups to enterprises like [DoorDash](https://www.brex.com/resources/customer/doordash), Indeed, and Coinbase.

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

**About Fast Company  
**_Fast Company _is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. Headquartered in New York City, _Fast Company_ is published by Mansueto Ventures LLC, along with our sister publication _Inc._, and can be found at fastcompany.com.

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