Capital One to Acquire Brex for $5.15 Billion, Strengthening Fintech and Crypto Payments Strategy

Capital One Financial Corp. has agreed to acquire fintech startup Brex in a deal valued at $5.15 billion, marking a major step in the bank’s expansion into technology-driven corporate finance and digital payments. The transaction, announced Thursday, will be financed with an even split of 50% cash and 50% Capital One stock, integrating Brex into Capital One’s commercial banking and payments division.

The acquisition underscores Capital One’s growing focus on fintech innovation as traditional banks compete with technology-first financial platforms. Founded in 2017, Brex quickly became one of Silicon Valley’s most prominent fintech companies by offering corporate credit cards and cash management solutions tailored to startups and fast-growing technology firms. Over time, Brex expanded its services to include expense management, payments, and banking tools for larger enterprises, positioning itself as a comprehensive corporate finance platform.

Capital One founder and CEO Richard Fairbank said Brex has fundamentally changed how high-growth companies manage spending and financial operations. By bringing Brex’s technology and customer base under its umbrella, Capital One aims to accelerate innovation in commercial banking while deepening relationships with modern businesses.

The deal is also significant for the crypto and digital assets sector. In September 2025, Brex announced plans to launch native stablecoin payments, becoming the first global corporate card platform to enable instant balance payments using stablecoins. Brex CEO Pedro Franceschi highlighted that stablecoins allow companies to move large sums across borders in seconds, offering a faster and more efficient alternative to traditional payment rails.

Crypto and blockchain-focused companies such as Figure, Solana, and Alchemy joined the waitlist for Brex’s stablecoin product, signaling strong demand within the digital asset ecosystem. If the acquisition receives regulatory approval, Capital One would gain direct exposure to emerging payment technologies while Brex benefits from the scale, compliance infrastructure, and stability of a major U.S. bank.

As stablecoins and crypto-related infrastructure move closer to mainstream adoption, the Capital One–Brex deal highlights the increasing convergence of traditional banking, fintech innovation, and digital finance.