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Henrique Dubugras

Born 1995 · Age 31

Brazilian entrepreneur and co-founder of Pagar.me and Brex. Started coding as a child, built payments business in Brazil, then co-founded Brex to reimagine corporate finance for startups.

Total Events
32
Career Span
30 years
Peak Net Worth
$1,500,000,000

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Life & Career Timeline

1995Age 0

Born in São Paulo, Brazil

Henrique Dubugras was born in São Paulo, Brazil.

1/1/1995Source
Confidence
98%
2007Age 12

Started coding; created private Ragnarok servers

Began learning to code at age 12 to build/play games; created private servers for Ragnarok and monetized them.

1/1/2007Net Worth: $1,000Source
Confidence
50%
2009Age 14

Received patent-infringement notices and shut down game servers

Encountered legal notices related to the private game servers and was forced to shut them down — an early entrepreneurial/legal lesson.

1/1/2009Net Worth: $2,000Source
Confidence
50%
2011Age 16

Won a hackathon with AskMeOut; won BRL 50,000 prize

At a high school hackathon developed AskMeOut (dating-style app) and won the top prize of 50,000 Brazilian reais.

1/1/2011Net Worth: $20,000Source
Confidence
75%
2011Age 16

Raised early angel funding (~$300k) for early projects

According to interviews, connections after hackathons and early ventures led to about $300k in early investor funding when he was ~16.

1/1/2011Net Worth: $30,000Source
Confidence
60%
2012Age 17

Founded Estudar nos EUA (Study in the USA)

Launched Estudar nos EUA, an app/initiative to help Latin American students with US college applications; later grew to large user numbers but struggled to monetize.

3/1/2012Net Worth: $5,000Source
Confidence
85%
2013Age 18

Co-founded Pagar.me (payments platform)

With Pedro Franceschi co-founded Pagar.me, a payments processing company often described as the 'Stripe of Brazil'.

1/1/2013Net Worth: $25,000Source
Confidence
95%
2014Age 19

Pagar.me won Microsoft Spark Startup of the Year

Pagar.me was awarded Microsoft's Startup of the Year prize in the 2014 Spark Awards.

1/1/2014Net Worth: $50,000Source
Confidence
90%
2014Age 19

Selected as a Fundação Estudar Fellow

Approved as a Fellow in Fundação Estudar's selective undergraduate scholarship/fellow program.

1/1/2014Net Worth: $50,000Source
Confidence
80%
2016Age 21

Processed ~$1.5B GMV at Pagar.me (milestone)

Pagar.me achieved ~ $1.5 billion in gross merchandise volume (GMV) in 2016 and had over 100 employees prior to sale.

1/1/2016Net Worth: $10,000,000Source
Confidence
90%
2016Age 21

Moved to Silicon Valley; enrolled at Stanford University

After selling Pagar.me the founders moved to the U.S. and enrolled at Stanford to study computer science.

1/1/2016Net Worth: $10,000,000Source
Confidence
90%
2016Age 21

Pagar.me sold to StoneCo

After rapid growth (processing ~$1.5B GMV in 2016 and staffing 100+), Pagar.me was sold to StoneCo in September 2016; company had previously raised ~ $30M.

9/1/2016Net Worth: $10,000,000Source
Confidence
70%
2017Age 22

Founded Brex (corporate credit card for startups)

Henrique Dubugras and Pedro Franceschi founded Brex to provide corporate cards and financial services tailored to startups, removing the need for personal guarantees.

1/1/2017Net Worth: $15,000,000Source
Confidence
98%
2017Age 22

Joined Y Combinator / early YC support

Brex and the founders participated in/received support from Y Combinator as they built out the business.

1/1/2017Net Worth: $15,000,000Source
Confidence
80%
2018Age 23

Brex product launch: corporate card went live

Brex launched its card product (interest‑free corporate charge cards for startups) and began onboarding customers; product emphasized no personal guarantees, instant approvals, and startup‑tailored rewards.

1/1/2018Net Worth: $200,000,000Source
Confidence
90%
2018Age 23

Brex reached unicorn status (valuation > $1B)

Within months of launching its product, Brex reached unicorn status (>$1 billion valuation) owing to rapid adoption in the startup ecosystem.

1/1/2018Net Worth: $250,000,000Source
Confidence
85%
2018Age 23

Featured: Nasdaq 'Faces of Entrepreneurship' (interview/profile)

Profiled in Nasdaq's 'Faces of Entrepreneurship' series; public profile increasing with Brex's growth.

9/4/2018Net Worth: $200,000,000Source
Confidence
80%
2019Age 24

Brex featured on Forbes '30 Under 30: Finance'

Henrique and cofounder Pedro Franceschi were featured on Forbes' 2019 '30 Under 30: Finance' list.

1/1/2019Net Worth: $400,000,000Source
Confidence
95%
2019Age 24

Brex had raised ~$215–220M in early rounds

By ~2019 Brex had raised approximately $215M–$220M across early seed/Series rounds from investors including Ribbit, DST, SV Angel, Peter Thiel, Max Levchin and others.

1/1/2019Net Worth: $400,000,000Source
Confidence
85%
2019Age 24

Forbes profile: company valued at ~$1.1B; press coverage

Forbes published a feature on Dubugras noting Brex as a ~$1.1B company and detailing his rapid trajectory.

3/10/2019Net Worth: $400,000,000Source
Confidence
90%
2020Age 25

Brex valuation growth to ~$2.75B (reported)

Reports referenced Brex fetching a ~$2.75 billion valuation (reported in press around 2020/2021 timeframe).

1/1/2020Net Worth: $700,000,000Source
Confidence
65%
2021Age 26

Sought regulatory permission to open a bank (Brex)

Brex filed / sought permission from federal regulators to open its own bank (reported in early 2021 coverage).

1/1/2021Net Worth: $800,000,000Source
Confidence
80%
2021Age 26

Brex headcount ~500; announced remote-first policy

Around 2021 Brex reported ~500 employees and announced plans to keep remote-work as a long-term arrangement, with a few offices.

1/1/2021Net Worth: $800,000,000Source
Confidence
80%
2021Age 26

Joined boards and advisory roles (reported)

Media sources report Dubugras sits on boards (or has roles) for companies including MercadoLibre and Expedia Group and volunteers/advises Instituto Alpha Lumen.

1/1/2021Net Worth: $800,000,000Source
Confidence
60%
2021Age 26

Public interview: dot.LA Strategy Session; announced LA move

In a dot.LA interview Henrique said he moved to Los Angeles with cofounder and girlfriend; discussed remote-first policy and company plans (offices, remote culture).

2/24/2021Net Worth: $800,000,000Source
Confidence
95%
2022Age 27

Brex valuation reported at $12.3B

Press reports (and company disclosures) cited a Brex valuation of about $12.3 billion (by Jan 2022 / reported 2022–2023).

1/1/2022Net Worth: $1,200,000,000Source
Confidence
75%
2022Age 27

Named on Forbes Billionaires list / called a self‑made billionaire (reported)

Media reported that Henrique (and cofounder) became some of the youngest self-made billionaires as Brex's valuation climbed (coverage cites Forbes 2022 mentions).

1/1/2022Net Worth: $1,200,000,000Source
Confidence
50%
2023Age 28

Brex total capital raised exceeded ~$1.2B (cumulative)

By 2023 Brex had reportedly raised over $1.2 billion in total funding and was processing billions in transactions annually across a diverse customer base.

1/1/2023Net Worth: $1,500,000,000Source
Confidence
80%
2023Age 28

Expanded Brex from card provider to financial platform (product milestone)

Brex evolved product offerings beyond the corporate card into a broader cash management and financial platform for startups and enterprises.

1/1/2023Net Worth: $1,500,000,000Source
Confidence
85%
2024Age 29

Evolved Brex co‑CEO model (company leadership change)

Brex published commentary about evolving its co‑CEO leadership model to better play to the founders' strengths (timing reported as 'recent' in company posts).

1/1/2024Net Worth: $1,500,000,000Source
Confidence
50%
2025Age 30

Active angel investor and board member (portfolio disclosures)

Publicly disclosed angel investments and board/observer roles include investments in startups such as NG.CASH, Superhuman, Mutiny, and others (dates vary).

1/1/2025Net Worth: $1,500,000,000Source
Confidence
50%
2025Age 30

Founder profile published (Frederick.ai blog: 'Founder Story: Henrique Dubugras of Brex')

A founder profile summarizing Dubugras' journey and Brex's achievements was published (Frederick.ai blog, Feb 9, 2025), reiterating Brex valuation and funding milestones.

2/9/2025Net Worth: $1,500,000,000Source
Confidence
70%