Capital One Expands Payments Capabilities with Brex Acquisition

Capital One has agreed to acquire business finance platform Brex in a $5.15 billion deal, as the bank moves to expand its business payments and spend management capabilities.

The acquisition, which will be funded through a mix of cash and stock, will see Capital One integrate Brex’s technology into its existing business banking offering.

Brex operates as an AI-native finance platform, providing businesses with corporate cards, automated expense management, and secure, real-time payments, alongside AI-driven tools designed to reduce manual processes and improve control over company spending.

Founded in 2017, Brex was built to combine financial services and software within a single platform. Under Capital One’s ownership, the business is expected to accelerate growth by pairing its payments and spend management expertise with the bank’s scale, underwriting capabilities, and established brand, allowing the combined group to reach a wider range of US businesses.

Richard D. Fairbank, founder, chairman, and CEO of Capital One, said:  “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.”

Following the completion of the transaction, Brex will continue to operate under its existing leadership, with founder Pedro Franceschi remaining at the helm as part of Capital One.

The deal is expected to close in the middle of the 2026 calendar year, subject to regulatory approval.