“Capital One is buying startup Brex for $5.15 billion in credit card firm’s latest deal”
January 26, 2026
“Capital One is acquiring payments startup Brex for $5.15 billion, the latest splashy deal undertaken by CEO Richard Fairbank.
The bank disclosed the deal in its fourth-quarter earnings statement.
Brex was previously valued at $12.3 billion. The more than 50% decline in valuation shows the headwinds that even successful fintechs have encountered.”