Capital One agrees to acquire fintech Brex to expand commercial banking reach #
Capital One has agreed to acquire fintech Brex, strengthening its push into commercial banking and payments for startups and mid-sized businesses. The deal brings Brex’s spend management, corporate cards, and cash management tools into Capital One’s portfolio, adding a technology-led platform with a strong customer base among venture-backed companies
The acquisition reflects growing consolidation between traditional banks and fintechs as lenders look to modernise commercial offerings and deepen relationships with fast-growing businesses. Capital One said Brex will continue to operate its products while benefiting from the bank’s balance sheet, regulatory infrastructure, and distribution.