Capital One to Acquire Brex

Business Wire ^ | January 22, 2026 | editors / unattributed

[SunkenCiv]

Capital One Financial Corporation (NYSE: COF) today announced that it has entered into a definitive agreement to acquire Brex, in a combination of stock and cash transaction valued at $5.15 billion.

Brex is a modern, AI-native software platform offering intelligent finance solutions that make it easy for businesses to issue corporate cards, automate expense management and make secure, real-time payments. The company also leverages AI agents to help customers automate complex workflows to reduce manual review and control spend...

Upon completion of the transaction, Franceschi will continue to lead Brex as part of Capital One.

The transaction is expected to close in the middle of calendar year 2026, subject to the satisfaction of customary closing conditions. BofA Securities served as financial advisor and Wachtell, Lipton, Rosen & Katz served as legal advisor to Capital One, with Baker McKenzie providing counsel on certain foreign legal matters to Capital One. Centerview Partners LLC served as financial advisor and Wilson Sonsini, Simpson Thatcher and Skadden Arps served as legal advisors to Brex.

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TOPICS: Business/Economy
KEYWORDS: ai; brex; capitalone; discovery; interestrates; investing; nutjobsonfr; paypal

[SunkenCiv]

Drops in interest rates can result in more mergers and acquisitions in banking / other lending. Capital One did an all-stock purchase of Discover Financial last year, and this newest acquisition suggests they're in an aggressive phase of expansion, merger, and acquisition.

[SunkenCiv]

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[ConservativeMind]

I have heard little good about Capital One, and when they bought Discover, a credit card I’ve had for decades, I told my wife we might need to jump ship.

So I await the changes that will make us close the account.

[fwdude]

I had no idea that CapitalOne bought Discover, my first credit card when I got my first real job in the 80’s.

It’s a credit anchor for me, so I’ll have to keep it.

I know CapitalOne is a radically leftist organization.

[BipolarBob]

I didn’t know they bought Discover. I would think antimonopoly laws would have prevented this. I guess money talks.

[aquila48]

So how is Brex credit card different from the other dozens that already exist?

[John S Mosby]

The proper name for Capital One is the name they had when Joey Bags Biden was pimping for them, as the Senator from MBNA.

Now— whenever one hears Capital One or gets crap from them— think of the former ad— “what’s in your wallet”? Capital One.
Now change this to “WHO’s in your Wallet?” Capital One. Who are, in the final analysis resellers of Visa, and Mastercard, both of which are products licensed to them by much larger (not saying better or more ethical, just huge bank). Originally both Visa and Mastercard came from Bank of America. Long before it became obama’s “stash cash” do nothing sponging bank for fedgov and gibs me dat “money” fakirs. So there is that. American Express is still the same clowns overpriced and generally unliked and Bank of America is still....there.

The truth of the then nascent joey bags biden, if you have time, dates from Delaware corp MBNA and of course the biden crime family-— in the 1990’s. Here ya go:

https://www.nationalreview.com/2008/08/senator-mbna-byron-york/

[John S Mosby]

Capitol One had a real hidden friend in Delaware joey bags— not apparent, but their “hq” in Tysons, VA (right down from Langley, hint) gives the slimy connex away.

They are a card re-seller, and car loan monster. Started from wangling the card trade from Signet Bank, with the help of Oracle Corp (Larry Ellison, and two others- with “relational database” software designed for Capital One... which is relentless). Those who get their mailings— know how relentless. And then there is the ridiculous named “Fair Issac” (a green eye shade, anti-semitically named credit “scoring” outfit that makes it’s own assessments and sells them to the card people). Experience with these gives one pause to ever use them in the first place.

No accident Larry Ellison was there with the AI crew at Trumps’ first AI effort with (some indian guy, etc.). So tiring vs. real economics that are not leveraged in this way. This is imho, thank you.

[SunkenCiv]

Dunno, today’s the first time I’d heard of it. It’s actually, in part, a management system for small business.

[catnipman]

given Capital One’s ubiquitous TV ads with Sam Jackson, it’s pretty obvious what demographic they’re targeting, namely folks with limited and/or negative credit history ...

those ads and knowing a few of the people they’ve screwed and how they screwed them, in my opinion, Capital One is a predatory shark, and anyone with a modicum of financial sense will stay far away from them ...

[SunkenCiv]

I’ve never seen an ad for them that I recall, and I’ve never met anyone who was screwed by them. OTOH, as the sign says, “we screw the other guy and pass the savings on to you!”