Richard Fairbank

Stories

Capital One doubles down on business payments with $5.15B Brex acquisition

Leading post-Discover integration while acquiring Brex

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

Notable Quotes

"Since our founding, we set out to build a payments company at the frontier of the technology revolution. Acquiring Brex accelerates this journey, especially in the business payments marketplace." — January 2026

from Capital One doubles down on business payments with $5.15B Brex acquisition · Updated May 22

"The deal will lead to earnings dilution initially, but should eventually contribute significant accretion over time." — January 2026, analyst call

from Capital One doubles down on business payments with $5.15B Brex acquisition · Updated May 22