Brex Unveils AI-Native Accounting API, Eyes Enterprise Growth Amid Competitive Landscape
NEW YORK, January 22, 2026 – Brex, the intelligent finance platform, announced a new AI-native Accounting API designed to automate accounting workflows end-to-end and enable deeper, real-time integrations with enterprise resource planning (ERP) systems. The move comes as the company continues to sharpen its focus on high-growth startups and large enterprises, positioning itself against a crowded field of competitors including Ramp, BILL (Divvy), and traditional giants like American Express.
Brex’s Core Product: The Corporate Card
At the heart of Brex’s offering is its flagship corporate charge card, the Brex Card. The card is designed for startups and fast-growing companies, with its primary differentiator being that it does not require a personal guarantee or a personal credit check. Instead, Brex extends credit based on a company’s financial health and cash flow.
The card offers dynamic credit limits that fluctuate based on company cash flow, unlimited virtual and physical employee cards, and granular spend controls. Its rewards program is structured around category multipliers: up to 7x points on rideshare transactions, 4x points on travel booked through Brex’s portal, 3x points on restaurants, 2x points on software spending, and 1x points on all other purchases.
Key Competitors and Market Position
Brex’s primary competitors in the corporate card and spend management space are Ramp, BILL (Divvy), and American Express Corporate. A comparison of their core offerings reveals distinct target markets and product philosophies.
| Provider | Target Customer | Key Differentiators |
|---|---|---|
| Brex | Venture-backed startups, mid-market, and enterprise firms. | No personal guarantee; dynamic limits based on cash flow; AI-native expense management. |
| Ramp | Businesses focused on cost reduction and spend visibility. | AI-powered savings identification; free plan with unlimited cards; requires $25,000+ in a business bank account. |
| BILL (Divvy) | Small to mid-sized businesses seeking accessible AP automation. | Standard qualification with soft credit check; free spend management tier. |
| American Express Corporate | Established enterprises with heavy travel needs. | Premium travel perks; airport lounge access; hotel status; strong admin tools via Amex @ Work portal. |
Recent Developments and Strategic Focus
In a strategic push to deepen its enterprise foothold, Brex announced its new Accounting API will first launch with Rillet and Campfire, two of the leading AI-native ERPs. The API is designed to go beyond traditional bank-feed integrations by enabling two-way data flow between Brex and ERPs, aiming to create end-to-end accounting automation and a faster month-end close.
This announcement follows a December 2024 blog post by co-founder Pedro Franceschi, detailing the company’s progress under its “Brex 3.0” operating model. In that update, Franceschi reported that revenue growth had accelerated almost 3x in 2024, net revenue retention was up more than 15 points, and burn rate was down almost 70%. He projected that 2025 would be the last year in which Brex burns money, an important milestone on its path to a future IPO.
Brex’s AI and Automation Push
Brex has been aggressively integrating AI across its platform, a strategy it brands as “intelligent finance.” The company states that its AI-native system eliminates manual work and makes compliance effortless. Key features include an AI Assistant that autonomously completes expense reports by generating receipts, identifying participants from calendar invites, drafting memos, and assigning codes.
Furthermore, Brex’s AI-driven accounting capabilities are designed to accelerate the month-end close. The company reports that its AI suggests general ledger (GL) codes and merchant mappings based on historical data, converts expenses into ERP-ready journal entries in real time, and flags potential issues like duplicate entries for human intervention before they reach the ledger.
Frequently Asked Questions
What is Brex?
Brex is a financial technology (fintech) company founded in 2017 that offers a suite of financial services, including corporate charge cards, expense management tools, and business banking solutions. It is designed specifically for startups, e-commerce businesses, and high-growth companies.
Who is Brex designed for?
Brex primarily caters to venture-backed startups and mid-market companies. To qualify for the Brex Card, a business must be organized and registered in the U.S. and demonstrate sufficient funding for monthly repayments. The company also targets larger enterprises with its global financial infrastructure.
How does Brex’s rewards program work?
The Brex Card offers a tiered points system: 7x points on rideshare transactions, 4x points on travel booked through Brex’s portal, 3x points on restaurants, 2x points on software spending, and 1x points on all other purchases. Points can be redeemed for cash back, statement credits, or travel bookings.
What are Brex’s main competitors?
Brex’s primary competitors in the corporate card and spend management space are Ramp, BILL (Divvy), and American Express Corporate. Ramp focuses on AI-powered cost reduction and requires at least $25,000 in a business bank account. BILL (Divvy) offers accessible accounts payable (AP) automation with standard qualification requirements. American Express remains a powerhouse for established enterprises with heavy travel needs.