Capital One to Acquire Fintech Startup Brex for $5.15 Billion, Expanding Corporate Finance and Payments Capabilities.

Capital One has agreed to acquire fintech startup Brex in a $5.15 billion deal, expanding its commercial banking and payments business. Brex offers corporate cards and cash management tools tailored to startups and technology companies, and has plans to launch native stablecoin payments. The acquisition would give Capital One a foothold in emerging payment technologies and bring Brex under the umbrella of a major US bank.