Brex has emerged as a popular solution for businesses seeking a modern, digital-first approach to financial management. With its range of financial products, Brex has gained attention for its flexible pricing structures and business-focused features. But is Brex the right choice for your UK-based business? In this review, we’ll break down Brex features, pricing, and suitability for different business needs.
What is Brex?
Brex is a financial technology company offering expense management solutions, corporate cards, and financial software. While initially targeting US-based start-ups, Brex now markets its services to a wider range of businesses, including SMEs, larger enterprises, and remote teams operating globally.
Brex features review
Brex provides several features tailored to streamline financial operations:
- Corporate cards – Brex corporate cards are designed for businesses of all sizes. Unlike traditional corporate cards, Brex doesn’t require personal guarantees. It provides high credit limits and automated expense categorisation.
- Expense management – Brex’s software allows businesses to track spending in real-time, automate approval workflows, and integrate with popular accounting platforms such as QuickBooks and Xero.
- Rewards programme – The Brex rewards programme offers points for every transaction, which can be redeemed for travel, cashback, or other benefits. Businesses can maximise rewards by spending in categories like advertising, travel, or software.
- Global capabilities – Brex supports international payments, allowing businesses to pay suppliers and team members in multiple currencies without excessive fees.
- Financial insights – Brex provides detailed dashboards to track cash flow, expenses, and budgets, empowering businesses to make informed decisions.
Brex pricing review
Brex offers flexible pricing depending on the needs and size of your business. The main plans include:
Brex Business Account (Free)
- No monthly fees.
- Access to a business account with basic financial tools.
- Includes corporate cards with rewards.
- Best for small businesses and start-ups looking for a low-cost entry into Brex’s ecosystem.
Brex Empower (Custom pricing)
- Advanced expense management and corporate cards.
- Includes global payment capabilities, automated workflows, and employee controls.
- Tailored pricing based on the size of your business and the level of functionality required.
- Designed for mid-sized businesses or enterprises with complex financial needs.
Transaction fees
Brex applies competitive fees for certain services, such as international payments or advanced integrations. However, these are often lower than those charged by traditional banks or alternative financial platforms.
Benefits of Brex
- No personal guarantee: Brex’s corporate cards don’t require founders or directors to assume personal liability.
- Flexibility: Tailored solutions cater to businesses of all sizes, from start-ups to enterprises.
- User-friendly interface: The platform is intuitive, with automation tools that reduce administrative burden.
- Comprehensive rewards: Brex’s rewards programme stands out for its flexibility and high earning potential.
Potential drawbacks
- Limited availability in the UK: Brex’s primary market remains the US, and some features may not yet be optimised for UK businesses.
- Custom pricing complexity: Larger businesses may need to negotiate pricing, making it difficult to predict exact costs upfront.
- Transaction fees: While competitive, these fees can add up for businesses handling a high volume of international payments.
Review verdict – Is Brex right for your business?
Brex is an excellent choice for businesses prioritising automation, real-time financial insights, and flexible payment solutions. Start-ups and SMEs with international operations can particularly benefit from its cost-effective global payment capabilities and rewards programme.
However, UK businesses should consider whether Brex’s offerings align with their local banking needs. If your business relies heavily on in-country banking, a UK-based financial solution might offer better support and integrations.
Final thoughts
To conclude our pricing review, Brex combines modern financial tools with scalable pricing, making it an attractive option for businesses looking to simplify expense management and financial operations.
While its features and rewards system are compelling, UK businesses should weigh these benefits against the platform’s focus on the US market. For start-ups, SMEs, and enterprises with global operations, Brex could be a strong contender in your financial management toolkit.
If you’re considering Brex, it’s worth reaching out for a custom quote to ensure the pricing matches your business’s needs.
FAQ – Brex pricing review
Brex primarily caters to start-ups, SMEs, and tech-driven companies, but its flexible solutions make it suitable for businesses in industries such as e-commerce, professional services, and international trade.
Yes, Brex integrates with popular payroll systems, making it easier for businesses to manage employee expenses and reimbursements alongside payroll processes.
Yes, Brex can complement existing business bank accounts by offering expense management, corporate cards, and global payment capabilities.
Brex employs advanced security measures, including encryption, fraud detection, and multi-factor authentication, ensuring that financial transactions are safe and compliant with industry standards.
Brex allows businesses to make international payments in multiple currencies, but it does not currently provide multi-currency holding accounts for UK businesses.
Brex rewards are designed to maximise benefits for specific spending categories, such as travel, advertising, and software, but everyday transactions also earn points.
While Brex primarily serves US-based companies, it is open to global businesses with international operations. UK companies should verify compatibility with their banking and regulatory requirements.
Yes, the Brex mobile app enables users to manage expenses, approve transactions, and view financial insights on the go, making it a convenient tool for business owners and employees.
Brex offers customer support via chat and email, though its service hours and resources are primarily aligned with the US market. UK businesses may experience limited support during local hours.
Brex stands out for its combination of corporate cards, rewards, and expense management tools, all integrated into a single platform designed for modern, fast-growing businesses.
Brex provides tools to help track expenses, which can simplify VAT reporting. However, UK businesses may need to consult with their accountants to ensure compliance.