Where does Henrique Dubugras work?

Henrique Dubugras is Co-founder & co-CEO of Brex and Co-founder of Pagar.me (acquired by Stone) at Stone.

What companies did Henrique Dubugras found?

Henrique Dubugras founded Brex, Stone.

Where did Henrique Dubugras go to school?

Henrique Dubugras studied at Stanford University (Bachelor’s Degree, Computer Science).

What podcasts and interviews feature Henrique Dubugras?

Tracked appearances include "Decisions behind pivots, layoffs, going remote", "Henrique Dubugras: Serial Entrepreneur", "Why Being Mission Driven Is Not The Only Way To Build A Massive Business".

Henrique Dubugras

Unicorn founder

Co-founder & co-CEO at Brex · Co-founder of Pagar.me (acquired by Stone) at Stone

San Francisco, CA

FoundedBrex$12.3B · YC Stone

About

Henrique Dubugras has sold two companies before turning 30: Pagar.me, the Brazilian payments processor he co-founded at 16 with Pedro Franceschi and sold to Stone in 2016, and Brex, the corporate-card company they built out of Y Combinator's W17 batch to a $12.3 billion peak — acquired by Capital One for $5.15 billion in April 2026. He met Franceschi through a Twitter argument as a Brazilian high-schooler, dropped out of Stanford after eight months, served as Brex's co-CEO until 2024 and then board chairman, sits on Expedia Group's board, and is now building a stealth AI-native investment venture.

Deal analysis

Brex × Capital One: who got paid on a down exit
An estimated liquidation waterfall of the $5.15bn exit: the 2021 rounds took their money back at par, the 2017 seed made ~111x, and Ribbit managed both in the same deal.
Read the analysis →

Beyond investing

Founded: Co-founded Pagar.me at 16 with Pedro Franceschi; it reached about 150 employees and $1.5B in processed volume before the 2016 sale to Stone. At 14 he ran a freemium private server of the Korean RPG Ragnarok Online that made tens of thousands of dollars before IP notices shut it down.
Boards: Joined Expedia Group's board of directors in November 2022.
More: Brex entered Y Combinator's W17 batch pitching virtual reality and pivoted to fintech about three weeks in. Stepped down as co-CEO on June 12, 2024, becoming board chairman while Franceschi took sole control — 'we're at a scale where we're starting to see some of the cracks in the co-CEO model.' Has publicly attributed part of his leadership evolution to living with ADHD.

Mentioned above: the Y Combinator mafia → · the Brex mafia → · the Expedia Group mafia →

From published sources — common ground for a warm intro.

Co-founder & co-CEO at Brex YC W17

Intro paths

Henrique went through Y Combinator (Winter 2017) — any YC alum in your network can reach them through the YC community.

→

In turn, Henrique can intro founders to Brex's investors below.

Brex's investors · 36

137 VenturesSan Francisco Altos VenturesBurlingame · $1M – $3M checks Ballistic VenturesSan Francisco · $1M – $5M checks Base10 PartnersSan Francisco · $100K – $5M checks Caffeinated CapitalSan Francisco · $3M – $50M checks Coinbase VenturesStamford · $100K – $10M checks Credit Suisse DST GlobalGeorge Town, Grand Cayman · $100K – $200M checks · since 2026 Evolution VC PartnersNew York Felicis VenturesSan Francisco · $500K – $15M checks Flucas VenturesJupiter · $100K – $5M checks Global Founders CapitalBerlin · $637K – $32M checks GreenoaksSan Francisco · $1M – $50M checks Human CapitalSan Francisco · $250K – $200M checks IVP (Institutional Venture Partners)San Francisco · $15M – $75M checks Jam FundLos Angeles · $500K – $20M checks Kleiner PerkinsMenlo Park · $500K – $15M checks · since 2026 Lombardstreet VenturesWoodside · $500K checks MastrySan Francisco Mindset VentureSan Francisco · $500K – $3M checks Next Play VenturesMenlo Park · $100K – $5M checks One Way VenturesNew York · $500K – $1.5M checks Open Opportunity FundAtlanta · $100K – $1M checks Ossian Capital OUTBOUND CAPITALSaratoga Springs Oyster VenturesSan Francisco · $25K – $200K checks Ribbit CapitalPalo Alto · $100K – $15M checks · since 2026 SciFi VCSan Francisco · $100K – $1M checks Standard CapitalSan Francisco SV AngelSan Francisco TCVMenlo Park · $10M – $500M checks Tiger Global ManagementNew York · $1M – $100M checks Toba CapitalIrvine · $1M – $10M checks VamosVenturesLos Angeles · $2M checks WealthUnion$10K checks Y CombinatorSan Francisco · $500K checks · since 2017

Co-founders at Brex

Pedro FranceschiCo-founder & CEO

Co-founder of Pagar.me (acquired by Stone) at Stone

Intro paths

→

In turn, Henrique can intro founders to Stone's investors below.

Stone's investors · 1

Valor Capital GroupNew York · $100K – $5M checks

Experience

StealthFoundercurrent2025 — presentNew York, New York, United States
BrexFounder and Chairmancurrent2017 — presentSan Francisco Bay Area
Expedia GroupBoard Membercurrent2022 — present
Mercado LibreBoard Membercurrent2021 — present
Pagar.meFounder and CEO2013 — 2016Greater São Paulo Area
EduqueMeFounder2012 — 2013
Estudar nos EUAFounder2012 — 2013Greater São Paulo Area
ViewsiOS Developer2012Berlin
IngresseTech Leader2012Greater São Paulo Area
Cronus EmulatorDeveloper2010 — 2011

Skills & more

Team Leadership45Ruby on Rails99Ruby99Git51PHP33JavaScript45jQuery26Objective-C18PostgreSQL18CSS25MySQL17AngularJS20

+12 more

HTML 5C++AJAXCSS3EntrepreneurshipInbound MarketingFacebook APIMobile ApplicationsiOS developmentAlgorithmsInside SalesBusiness Development

Languages English · German · Portuguese · Spanish

From Henrique's professional profile.

Podcasts & interviews

featuring Henrique Dubugras

Decisions behind pivots, layoffs, going remote

TechCrunch · techcrunch.com

Henrique Dubugras: Serial Entrepreneur

Access & Opportunity (Morgan Stanley) · morganstanley.com

Why Being Mission Driven Is Not The Only Way To Build A Massive Business

20VC · thetwentyminutevc.com

Frequently asked questions

Who is Henrique Dubugras?: Henrique Dubugras has sold two companies before turning 30: Pagar.me, the Brazilian payments processor he co-founded at 16 with Pedro Franceschi and sold to Stone in 2016, and Brex, the corporate-card company they built out of Y Combinator's W17 batch to a $12.3 billion peak — acquired by Capital One for $5.15 billion in April 2026. He met Franceschi through a Twitter argument as a Brazilian high-schooler, dropped out of Stanford after eight months, served as Brex's co-CEO until 2024 and then board chairman, sits on Expedia Group's board, and is now building a stealth AI-native investment venture.
Where does Henrique Dubugras work?: Henrique Dubugras is Co-founder & co-CEO of Brex and Co-founder of Pagar.me (acquired by Stone) at Stone.
What companies did Henrique Dubugras found?: Henrique Dubugras founded Brex, Stone.
Where did Henrique Dubugras go to school?: Henrique Dubugras studied at Stanford University (Bachelor’s Degree, Computer Science).
What podcasts and interviews feature Henrique Dubugras?: Tracked appearances include "Decisions behind pivots, layoffs, going remote", "Henrique Dubugras: Serial Entrepreneur", "Why Being Mission Driven Is Not The Only Way To Build A Massive Business".