Pedro Franceschi

Money Moves

Will continue leading Brex as part of Capital One

Capital One is shifting from credit card company to technology company. Eight months after buying Discover for $35 billion, it's buying Brex for $5.15 billion—$2.75 billion in cash, 10.6 million shares—an AI-native expense platform serving 25,000 customers including Anthropic, DoorDash, and Robinhood.

Updated May 22