Capital One Financial Corporation will acquire Brex in a deal worth $5.15 billion. This stock-and-cash transaction boosts Capital One’s role in the fast-changing business payments and spend management market. Brex is an AI-driven finance platform. It helps businesses issue corporate cards and automate expense management. Companies can make secure real-time payments. Plus, AI agents simplify complex financial tasks and control spending. The acquisition aligns with Capital One’s long-term strategy to build technology-forward financial services at scale. ”Since our founding, we set out to build a payments company at the frontier of the technology revolution,” said Richard D. Fairbank, Founder, Chairman, and Chief Executive Officer of Capital One. “Acquiring Brex accelerates this journey, especially in the business payments marketplace.”
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Fairbank added that Brex has built a rare, vertically integrated fintech platform combining cards, banking, and spend software. “We started Brex in 2017 as a category creator – bringing together financial services and software into one AI-native platform,” said Pedro Franceschi, Founder and CEO of Brex. “Now we get to supercharge our next chapter in partnership with the team at Capital One. Together, we’ll maximize founder mode by combining Brex’s payments expertise and spend management software with Capital One’s massive scale, sophisticated underwriting, and compelling brand to accelerate growth and increase the speed at which we can offer better finance solutions to the millions of businesses in the U.S. mainstream economy.”