Capital One agrees to buy fintech Brex in $5.15 billion cash-and-stock deal

Capital One said it has entered into a definitive agreement to acquire fintech company Brex in a combination of stock and cash valued at $5.15 billion. The company framed the deal as a step to accelerate its ambitions in business payments and modern corporate spend management. ([capitalone.com](https://www.capitalone.com/about/newsroom/capital-one-to-acquire-brex/?utm_source=openai))

Brex is described by Capital One as an AI-native software platform that supports corporate cards, automated expense management, and secure, real-time payments. Capital One said Brex also uses AI agents to help customers automate workflows, reduce manual review, and control spend. ([capitalone.com](https://www.capitalone.com/about/newsroom/capital-one-to-acquire-brex/?utm_source=openai))

Capital One founder and CEO Richard D. Fairbank said the acquisition is intended to push the company further toward building a payments business aligned with technology-driven change. The announcement emphasized business customers and the broader commercial payments market as the strategic focus. ([capitalone.com](https://www.capitalone.com/about/newsroom/capital-one-to-acquire-brex/?utm_source=openai))

The companies said the transaction is expected to close in the middle of calendar year 2026, subject to customary closing conditions. Capital One listed its advisors and legal counsel, indicating the deal’s scale and complexity across jurisdictions. ([capitalone.com](https://www.capitalone.com/about/newsroom/capital-one-to-acquire-brex/?utm_source=openai))

In outlining its broader profile, Capital One described itself as a technology-based financial services company headquartered in McLean, Virginia, with substantial deposits and assets as of December 31, 2025, and businesses spanning credit cards, consumer banking, and commercial banking. ([capitalone.com](https://www.capitalone.com/about/newsroom/capital-one-to-acquire-brex/?utm_source=openai))