American monetary holding enterprise Capital One Financial declared the finalization of a conclusive accord to procure fintech firm Brex in a deal valued at $5.15 billion, which should considerably reinforce the bank’s stance in corporate payments, expenditure administration, and inventive fiscal offerings.
The overall deal sum amounts to $5.15 billion, which Capital One will remit 50% in liquid funds and 50% in equities.
The transaction is anticipated to be finalized by the middle of 2026, contingent on all prerequisite regulatory clearances and endorsements from the involved parties.
Post-acquisition, Brex Chief Executive Officer and co-creator Pedro Franceschi will continue his role as CEO and oversee the division within Capital One.
Established in 2017, Brex has emerged as a prominent entity in the fintech sector for enterprises, merging corporate charge cards, expenditure administration systems, monetary and transactional instruments — all via a singular technological platform. Its services are utilized by numerous firms globally, encompassing major customers like DoorDash, Robinhood, TikTok, Plaid, Intel and others.
Brex is also recognized as an AI-centered platform that streamlines monetary operations for organizations and incorporates artificial intelligence technologies within its offerings.
Despite the transaction being priced at $5.15 billion, this figure is notably less than Brex’s highest private valuation in 2022 of approximately $12.3 billion, signaling an overall readjustment in fintech startup valuations within the market.
According to Capital One leadership, the purchase of Brex will represent an advancement in the progression of business payments and corporate monetary goods, including business payments, charge cards and expenditure administration. This will assist the bank in broadening its footprint beyond conventional retail banking and lessen its reliance on charge cards as a key origin of income.
Capital One equities underwent a temporary decrease following the deal’s announcement, a typical reaction to substantial acquisitions attributable to predicted near-term expenditures, yet analysts project the approach could bolster the bank’s sustained earnings expansion and position within the fintech arena.
This constitutes one of the most consequential consolidations between a traditional bank and a fintech startup in 2026, considering the magnitude and technological consequence of the arrangement.