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# Capital One Agrees to Acquire US Fintech Brex for $5.15 Billion in Cash and Stock
- URL: https://www.theglobalbanker.com/capital-one-acquires-brex-5-15-billion-cash-stock/
- Published: 2026-01-23T16:14:00.000Z
- Updated: 2026-10-02T14:32:13.000Z
- Description: Capital One has agreed to buy corporate-card startup Brex for $5.15 billion in cash and stock, in what Brex's CEO called the largest bank-fintech deal in history.
- Author: TGB Editorial Team
- Tags: M&A, Americas, #archive

Capital One Financial has agreed to acquire Brex, the San Francisco-based corporate card and spend-management fintech, for $5.15 billion in a deal comprising approximately $2.75 billion in cash and about 10.6 million Capital One shares, the companies announced in January 2026\. Brex chief executive Pedro Franceschi described the transaction as the largest bank-fintech deal in history. The deal is subject to regulatory clearance.

The startup had previously been valued at $12.3 billion, meaning the agreed purchase price reflects a discount of more than 50 per cent on that figure. 

#### BREX'S BUSINESS

Brex had built a platform that combined a corporate charge card with integrated expense reporting, bill-payment capabilities, and treasury management features.