Capital One Financial Corp. has agreed to acquire fintech startup Brex in a $5.15 billion deal, with the consideration split 50% in cash and 50% in stock. The companies said the transaction would fold Brex into Capital One’s commercial banking and payments operations, expanding the bank’s reach in tech-focused corporate finance and payment services.
Brex is one of Silicon Valley’s better-known fintech companies. Founded in 2017, it built its name with tailored corporate cards and cash-management tools for startups and technology firms, then broadened its offering to larger enterprises. Its platform combines payments, expense management and banking services, placing the company between fintech infrastructure and enterprise software.
Brex’s stablecoin payment push draws crypto attention
The acquisition stands out for another reason: Brex has been moving into stablecoin payments. The company said it planned to launch native stablecoin payment services in September 2025, describing the product as a way to enable instant balance settlement with stablecoins on a global corporate card platform.
In that announcement, Brex CEO Pedro Franceschi said stablecoins can move millions of dollars across borders in seconds. He added that Brex wants to offer companies a single, secure platform to manage critical payments. A short statement, but central to the deal’s crypto angle.
Figure, Solana and Alchemy joined the waitlist
Brex also said several crypto and blockchain-focused companies had joined the waitlist for its stablecoin product, including Figure, Solana and Alchemy. That detail highlights the company’s growing position in the digital asset ecosystem and gives the acquisition a broader significance than a standard corporate card or banking software transaction.
Capital One founder and CEO Richard Fairbank said in a statement that Brex reshaped how fast-growing companies manage finance. If completed, the deal would place Brex under a major U.S. bank while giving Capital One a foothold in emerging payment technology, at a time when stablecoin and crypto-related infrastructure is moving closer to mainstream finance.