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Pedro Franceschi

Pedro Franceschi

Co-Founder & CEO, Brex

Appears in 1 story

Notable Quotes

"We grew too quickly and created too many layers of management." — January 2024, announcing layoffs

Stories

Capital One doubles down on business payments with $5.15B Brex acquisition

Money Moves

Will continue leading Brex as part of Capital One

Capital One is shifting from credit card company to technology company. Eight months after buying Discover for $35 billion, it's buying Brex for $5.15 billion—$2.75 billion in cash, 10.6 million shares—an AI-native expense platform serving 25,000 customers including Anthropic, DoorDash, and Robinhood.

Updated May 22