Capital One Plans to Acquire Fintech Company Brex for $5.15 Billion; The Latter Had Planned to Launch Instant Payment Functionality Using Stablecoins

Odaily News: Technology-driven financial services company Capital One has agreed to acquire fintech company Brex in a cash and stock deal (50% each), valuing the transaction at $5.15 billion. Brex will be integrated into Capital One's commercial banking and payments business. The transaction is expected to be completed by mid-2026, with Franceschi continuing to oversee Brex's integration into Capital One's commercial banking and payments operations.

Brex had previously announced plans to launch a native instant payment feature using stablecoins.