Capital One to Acquire Fintech Company Brex for $5.15 Billion
Capital One will acquire fintech company Brex in a $5.15 billion stock-and-cash deal, strengthening its presence in business payments and expense management. The acquisition aims to help Capital One compete with technology-driven finance platforms by integrating Brex’s automation and fast service. Brex, founded in 2017, started by offering corporate cards to startups with limited access to traditional banks and has since expanded into expense management, banking features, and AI-driven spending control tools. Brex also plans to enable stablecoin (USDC) payments and seamless conversion to U.S. dollars for business customers. Brex’s AI capabilities include automated expense categorization, real-time policy enforcement, and an AI assistant for routine tasks. After regulatory approval, Brex’s CEO will retain his position, and Capital One has not yet revealed how it will use Brex’s AI features within its commercial offerings. The deal is characterized by both parties as a growth-focused partnership rather than a typical bank consolidation.
