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Brex

Financial Services & Digital Assets · San Francisco, California · Acquired

Brex provides corporate cards, spend management, and treasury products for businesses.

$5.15BAcquisition valueCompleted April 2026
AcquiredCurrent statusCapital One
2017FoundedFintech
AcquiredPublic statusCapital One, April 2026

The Company

Brex built a financial platform combining corporate cards, spend controls, and cash-management products for businesses.

Capital One completed its $5.15 billion cash-and-stock acquisition of Brex in April 2026.

Why It Matters

The transaction is an important fintech exit signal: a major bank is buying software-led business-payments infrastructure rather than building it internally.

Valuation History

  1. $12.3B→Jan 2022Series D-2Source ↗
  2. $5.2B→Apr 2026Acquired by Capital One (completed; announced 2026-01-22)Source ↗

What Changed

  1. Capital One completed its $5.15B acquisition of Brex.

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