Capital One to acquire payments fintech Brex in $5B deal

Group 1 - Capital One will acquire Brex for $5.15 billion in a half-cash, half-stock deal, expected to close in mid-2026 [1][2] - This acquisition follows Capital One's previous significant purchase of Discover Financial Services for $51.8 billion [2] - The deal aims to enhance Capital One's business payments capabilities, particularly in the startup sector [1][3] Group 2 - Brex specializes in corporate card services, expense management, and payment solutions for businesses [4] - The company has formed partnerships with financial institutions like Stripe and Fifth Third to broaden its product offerings and distribution [4] - Brex's CEO stated that the merger will enhance growth by leveraging Brex's expertise in payments and spend management with Capital One's scale and brand [5] Group 3 - Capital One plans to allocate approximately $950 million for transaction-related costs, including integration and retention compensation over the next three years [3] - The acquisition is seen as a strategic move to accelerate Capital One's journey in the business payments marketplace [3]