To younger Brazilians, released on Friday (29), has only one “self-made man” – Term using for those who have achieved success and gained wealth alone, that is, not heirs. He is Pedro Franceschi, 28, co -founder of Fintech Brex, focused on corporate credit cards and valued at $ 3.4 billion, approximately $ 18.4 billion.
Franceschi alongside Henrique Dubugras, now 29 years old. The company, which today provides B2B card management, expenses and payments management, has already been valued at US $ 12.4 billion. It is headquartered in San Francisco, in the United States.
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But this was not the first source of wealth of the duo. In 2013, they created Fintech to pay.me, focused on online payments for small businesses. The deal was sold in 2016 to Stone, a payroll company that had invested in startup since 2014. Without highlighting values, Franceschi and Dubugras counted on a recent interview that the amount made it possible to have college in Stanford, one of the most traditional – and expensive – universities of the US.
Franceschi is the current Brex CEO. He shared the position with dubugras until last year, when they announced that Henry would remain only as chairman of the company’s Administrative Board. At the time, Dubugras explained in a statement that dividing the CEO’s chair had worked for six years, but that the company’s growth required more agile decision making-and only a executive president.
In the list released this Friday by Forbes, Franceschi, 28, is the eighth youngest billionaire in Brazil.
