Brex Chief Operating Officer Camilla Matias has stepped down from the expense management platform after nearly eight years with the firm. According to a personal announcement shared via LinkedIn, Matias is departing the organization following its landmark $5.15 billion acquisition by Capital One. Her exit marks the conclusion of a tenure that spanned the company’s evolution from a niche startup provider to a diversified financial services player. Matias noted that she intends to "go build again," signaling a return to early-stage ventures after overseeing Brex’s transition through massive institutional shifts.
Matias joined Brex in 2018 from The Kraft Heinz Company, initially serving as head of finance before ascending through roles as VP of finance and SVP of global operations. She was appointed COO in January 2024, having played a central role in securing the company’s first $100 million debt facility with Barclays and managing the acquisitions of Pry Financials and Weav. During her time at the helm of operations, she oversaw Brex's entry into the European market and managed the firm's critical response to the Silicon Valley Bank collapse.
The departure follows a period where Matias scaled the firm's infrastructure to support a customer base ranging from small startups to large enterprises. In her reflection on the company's growth, Matias stated that she helped the firm navigate extreme uncertainty by "moving billions in days" and "onboarding customers at 10x pace" during market-wide financial stress. Her mandate focused on building an operations organization that bridged financial services with AI-driven software. With her exit, the Capital One-owned entity faces the challenge of maintaining its original agile culture within a much larger corporate framework.