CAPITAL ONE FINANCIAL CORP acquired Brex Inc. for $5.15 billion, a transaction completed in April 2026, structured as stock and cash.
Brex Inc. is based in United States. Brex is an AI-native financial software platform that lets businesses issue corporate cards, automate expense management, and make real-time payments, combining corporate credit cards, spend-management software, and banking in a single vertically integrated platform used by more than 25,000 companies. Capital One acquired Brex to accelerate its position in the business-payments marketplace, pairing Brex's payments expertise and spend-management software with Capital One's scale, underwriting, and brand. Brex founder and CEO Pedro Franceschi continues to lead the business as part of Capital One following completion.
Deepen Capital One's presence in the business-payments and commercial spend-management market by adding an integrated corporate-card and spend-management platform serving business customers.
Acquiring Brex accelerates this journey, especially in the business payments marketplace.
Advisory firms were not disclosed for this transaction.