(23 January 2026 – United States) Capital One has announced it has entered into a definitive agreement to acquire Brex in one of the most significant Fintech M&A transactions in recent history.
Valued at US$5.15 billion, the deal emphasises how incumbent banks are accelerating efforts to modernise corporate banking systems through technology-led platforms. Brex’s expense management, cards and startup capability give Capital One immediate scale in serving modern enterprises.
”Since our founding, we set out to build a payments company at the frontier of the technology revolution. Acquiring Brex accelerates this journey, especially in the business payments marketplace. Brex invented the integrated combination of corporate credit cards, spend management software and banking together in a single platform. They have taken the rarest of journeys for a fintech, building a vertically integrated platform from the bottom of the tech stack to the top” commented Capital One CEO and Founder, Richard D. Fairbank.
“We started Brex in 2017 as a category creator – bringing together financial services and software into one AI-native platform. 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” said Brex CEO and Founder, Pedro Franceschi.
Brex is a modern, AI-native software platform offering intelligent finance solutions that make it easy for businesses to issue corporate cards, automate expense management and make secure, real-time payments. The company also leverages AI agents to help customers automate complex workflows to reduce manual review and control spend.