Capital One Acquires Brex For $5.15 Billion

Capital One plans to acquire expense-management platform Brex for $5.15 billion, signing a definitive agreement announced Jan. 22 with the deal expected to close mid-year subject to customary conditions. Brex's AI-native platform uses agents to automate corporate cards, expense management and real-time payments, serving tens of thousands of businesses; CEO Pedro Franceschi will remain in place.