Here's a look inside credit card startup Brex's new member-only San Francisco lounge

Brex
Brex co-founders, Pedro Franceschi (left) and Henrique Dubugras (middle) Brex
  • Credit card startup Brex has opened a members-only lounge in San Francisco's South Park district to give cardholders a place to gather — whether that be to work, hold meetings, or socialize. 
  • Dubbed the "Oval Room," the space feels like a homier version of a WeWork, with sectional couches instead of communal work tables. It's also far smaller than a typical co-working space, as it's located above of what used to be a neighborhood cafe. 
  • "It's not about exclusivity," Brex co-founder Henrique Dubugras told Business Insider in a recent interview, touting the benefits of a meeting space that provides support for entrepreneurs. 
  • Below are photos of the Oval Room from its opening night last Thursday. 
Advertisement

When Brex co-founders Pedro Franceschi and Henrique Dubugras were fundraising for their idea of creating a corporate credit card specifically for startups, they had no office. Instead, they met with venture capitalists at coffee shops and nearby, San Francisco city parks. 

"You don't know exactly who's there. It could be anyone that's around," Dubugras told Business Insider in a recent interview, describing the duo's experience of fundraising from local coffee shops. "We really wanted a more private space." 

Dubugras said that many other founders they met through Y Combinator — the renowned startup accelerator, which Brex participated in during the winter of 2017 — faced a similar dilemma of having important meetings with nowhere to host them. 

Read more:  It took only a year and a half for these 22-year-olds to build a billion-dollar company. Here's how they did it.

Advertisement

Almost two years and a $1.1 billion valuation later, the credit card startup has opened a lounge space in San Francisco's South Park district to give Brex cardholders a place to gather — whether that be to work, hold meetings, or socialize. 

"Brex is about empowering entrepreneurship," Dubugras said. "For us, this is just a manifestation of that. It's hard to be an entrepreneur. [The lounge] is a place where you can go and meet other people who are going through the same struggle as you are. Like, 'Hey, I also don't have a place to take meetings." 

Dubbed the "Oval Room" — named after both the Oval Office (where big decisions are made) and the shape of the nearby park (South Park) — the space feels like a homier version of a WeWork, with sectional couches instead of communal work tables. It's also far smaller than a typical co-working space — the lounge is perched above what used to be a neighborhood cafe. 

The members-only space will be open from 9am to 5pm Tuesday-Friday, not including after hour community events. The board meeting room and a private lounge room are also be available for cardholders to book for free throughout the week. 

Advertisement

Already, one startup founder we spoke to, Deon Nicholas, is excited to start using the space for networking. He also says the lounge would have come in handy for candidate interviews before his company —Forethought— moved into its new office. 

"We had a candidate come by our co-working space, who in the end, we didn't get," Nicholas said. "We asked what were some things we could have done better and he said, 'You know, having an actual space would have been great.'" 

Even with the potential upsides for startups, as Fyre Festival documentaries linger in the popular zeitgeist, comparison's between Brex's Oval Room and Billy McFarland's Magnises Townhouse in New York City are hard to ignore. Dubugras stressed the difference. 

"It's not about exclusivity," Dubugras said. "But rather its the ability to deliver on the promise of combining a meeting space with the services and support entrepreneurs actually need to run their business." 

Advertisement

Today, only startup founders and their employees can hold a Brex credit card. In February, the also company allowed e-commerce business owners to join. 

Here's a look at Brex's San Francisco lounge on its opening night: 

Advertisement

The Oval Room is located right across the street from South Park, a hub of San Francisco's VC and startup scene.

Brex
Business Insider

It's on the second floor of what used to be the South Park Cafe.

Brex
Business Insider
Advertisement

The address is 110 South Park Street, up a narrow set of stairs.

Brex
Business Insider

The space is modern and cozy at the same time.

Brex
Business Insider
Advertisement

The Oval Room doesn't have traditional desks. Instead, comfy couches and chairs abound.

Brex
Business Insider

Brex
Business Insider
Advertisement

Brex
Brex

Brex
Business Insider
Advertisement

The board room can be booked by cardholders to hold meetings or luncheons. There are no fees for reserving the space.

Brex
Business Insider

Beyond formal meetings, The Oval Room is meant to be a social space, where entrepreneurs can gather. For its opening night party, drinks were served.

Brex
Business Insider
Advertisement

And conversations were flowing.

Brex
Brex

Brex
Brex
Advertisement

Brex
Brex

Brex
Brex
Advertisement

Brex
Brex

Even Brex co-founders, Pedro Franceschi (left) and Henrique Dubugras (middle), were spotted mingling with members.

Brex
Brex
Brex San Francisco Startups
Advertisement
Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.