Henrique Dubugras
Brex CEO Henrique Dubugras.
  • Brex CEO Henrique Dubugras is fundraising more than $1 billion in loans for startups affected by the SVB collapse. 
  • Dubugras aims to give out loans as soon as next week so companies can make payroll.
  • "We are trying to raise as much capital as we can," a Brex spokesperson told Insider.

Henrique Dubugras, CEO of the fintech company Brex, is working to pull together more than $1 billion in funds to provide bridge loans for startups affected by the Silicon Valley Bank collapse

"As of yesterday, we've received $1.5 billion in requests from nearly 1,000 companies," a spokesperson for Brex told Insider. "We are trying to raise as much capital as we can."