Brex vs Plaid
Side-by-side equity comparison for employees weighing offers at Brex or Plaid. Valuations, funding history, headcount growth, and secondary-market context.
| Brex | Plaid | |
|---|---|---|
| Latest valuation | $12.3B | $8B |
| Latest round | Series D | Series D |
| Round date | January 2022 | May 2023 |
| Total raised | $1.5B | $734M |
| Founded | 2017 | 2013 |
| Headquarters | San Francisco, CA | San Francisco, CA |
| Employees | 1,772 | 1,367 |
| Employee YoY growth | +21% | +21% |
| Primary industry | Fintech | Fintech |
| Secondary-market price | — | $121.94 |
| Base-case equity multiple | 1x | 1x |
| Upside equity multiple | 2x | 1x |
| Lead investors | Y Combinator, Ribbit Capital | NEA, Spark Capital |
| Status | private | private |
Overview
Brex provides corporate cards, expense management, and spend management software for startups and enterprises, with AI-powered tools for controlling company spending.
Plaid builds the infrastructure that connects fintech applications to users' bank accounts, enabling data sharing between financial institutions and apps.
Why we compare these
Brex and Plaid both appear on Fintech decacorns .
If you're evaluating offers at either one, the equity math depends on more than the headline valuation — dilution, strike price, time to liquidity, and concentration risk all matter. Use our equity compensation calculator and exit calculator to model your own numbers.