Capital One to Acquire Brex in $5 Billion Deal

A Capital One bank sign in Levittown, N.Y. Bruce Bennett/Getty ImagesCapital One Financial Corporation, a technology-based financial services firm, announced plans to acquire Brex, an AI-native software platform, in a $5.15 billion stock and cash transaction deal.“Since our founding, we set out to build a payments company at the frontier of the technology revolution,” Richard D. Fairbank, Capital One founder, chairman, and CEO, said in a Jan. 22 statement.