Capital One Financial Corporation (NYSE: COF) has announced its acquisition of Brex, in a deal valued at $5.15 billion. Brex, a modern AI-native software platform, specializes in offering intelligent finance solutions for businesses, including corporate cards, expense management automation, and real-time payments facilitated by AI agents.
The acquisition is expected to close in the middle of the calendar year 2026, subject to customary closing conditions. Upon completion of the transaction, Pedro Franceschi, the founder and CEO of Brex, will continue to lead the company as part of Capital One.
As of December 31, 2025, Capital One had $475.8 billion in deposits and $669.0 billion in total assets. The corporation operates as a premier global payments provider and diversified financial institution, offering a broad suite of products, consumer lifestyle and shopping experiences, credit card services, and consumer and commercial banking.
The acquisition is positioned to accelerate Capital One's growth and expand its offerings to millions of businesses in the U.S. mainstream economy by combining Brex's payments expertise and spend management software with Capital One's scale, underwriting capabilities, and brand.
BofA Securities served as the financial advisor, and Wachtell, Lipton, Rosen & Katz served as the legal advisor to Capital One in this transaction. On the other hand, Centerview Partners LLC served as the financial advisor, and Wilson Sonsini, Simpson Thatcher, and Skadden Arps served as the legal advisors to Brex. Following these announcements, the company's shares moved 0.92%, and are now trading at a price of $239.14. For the full picture, make sure to review CAPITAL ONE FINANCIAL CORP's 8-K report.
