Capital One Financial Corp. has agreed to acquire fintech startup Brex in a deal valued at $5.15 billion, expanding the bank's efforts in technology-driven corporate finance and payments.
Under the terms of the deal, Capital One will pay Brex 50% in cash and 50% in stock, the companies announced Thursday. The acquisition brings one of Silicon Valley's most prominent financial technology companies into Capital One's commercial banking and payments business.
Capital One founder and CEO Richard Fairbank said in a statement that Brex has reimagined the way fast-growing companies manage their finances.
Founded in 2017, Brex built its reputation by providing customized corporate cards and cash management tools for startups and technology companies, and has since expanded its services to larger enterprises. The company's platform combines payments, expense management, and banking services, positioning the company at the intersection of fintech and enterprise software.
The deal is also notable for Brex's growing association with the crypto and digital asset sectors.
In September 2025, Brex announced plans to launch native stablecoin payments, saying it would become the first global corporate card platform to enable instant balance payments using stablecoins.
“Stablecoins have made it possible to move millions of dollars across borders,” Brex CEO Pedro Franceschi said in the announcement, adding that Brex aims to provide businesses with a single, secure platform to manage important payments.
Several crypto and blockchain-focused companies, including Figure, Solana, and Alchemy, have joined the waiting list for stablecoin products, highlighting Brex's traction in the digital asset ecosystem.
As stablecoins and crypto-related infrastructure continue to move closer to mainstream finance, the deal would give Capital One a foothold in emerging payments technology and bring Brex under the umbrella of a major U.S. bank.
