What are the requirements for a Brex account?
In addition to the requirements listed on our website, we analyze a company’s business model, source of funds, spending patterns, and other areas that may pose a higher risk to Brex and our partners. Meeting the requirements below does not guarantee you will be approved for a Brex account.
If you believe you do meet the below requirements, but have been unable to sign up for Brex, please contact startup-review@brex.com.
All applicants
All Brex applicants are required to have a US EIN issued by the IRS and a valid US incorporation. We also require that you meet the eligibility requirements as stated in our Platform Agreement, and are not of a restricted industry type.
Daily payments
As we continue to expand our global spend solution, we are focusing our service on startups and scaled companies. Our products are designed for companies that have or will soon reach some level of scale. We feel confident in delivering best-in-class service to customers who meet ANY of the following criteria:
Received an equity investment of any amount (accelerator, angel, or VC) or plan to in the near future
More than $1 million a year in revenue
More than 50 employees
Tech startups who are on a path to meeting the criteria above, and are referred by an existing customer or partner
Monthly payments
While not an exhaustive list, these are the general requirements we consider when reviewing applications.
Startup companies
Accelerator funded companies: If you’re part of an accelerator and meet the requirements for our Brex card with daily payments, you're qualified for any Brex card with monthly payments.
Venture funded companies: If you’ve received venture funding, you’re qualified for any Brex products.
Angel funded companies: If you’ve received a minimum in angel funding of $100,000 and plan to raise capital from an accelerator or VC in the future, you’re qualified for any Brex products.
For startups, we require $50,000 as a minimum cash balance (if you’ve raised), or potentially even lower if you’re referred by certain partners of ours. If you’re unsure if you qualify and currently have less than $50,000 but meet the above requirements, reach out to your sales representative or to referral@brex.com for additional help.
If you haven’t received any funding but plan to in the future, or don’t yet have $50,000 in your account, you can still apply. You may be qualified for Brex Cash with our daily payments. Read more in What are the benefits of making daily payments?.
Mid-market and enterprises
A mid-market company or enterprise that qualifies for the Brex card with monthly payments will need more than $400K/month in revenue ($4.8MM/year). Customers that meet the criteria but have poor financial health may get a limit if they have a signed Empower contract.