Capital One agreed to buy fintech Brex for about $5.2 billion in a stock-and-cash deal announced Thursday, with the transaction expected to close in mid-2026 to bring Brex’s stablecoin payments solution into the bank. Stated, the acquisition aims to speed Capital One’s push in business payments and payments technology.
Richard Fairbank, founder and CEO of Capital One, said “Acquiring Brex accelerates this journey, especially in the business payments marketplace.” The deal ranks among the largest recent fintech acquisitions.
In October, Brex announced it would offer native stablecoin payments, starting with USDC, positioning the company as the first global corporate card provider to do so. Announced, that launch drew attention from banks and corporate clients.
Pedro Franceschi, founder and CEO of Brex, said “be able to move faster, invest more deeply, and bring more powerful capabilities to businesses than either of us could alone.” He will remain in leadership as the companies integrate.
Stablecoins have seen sustained growth after new U.S. rules, and the market cap rose to a record $314 billion since the GENIUS Act in July 2025. Data shows this expansion amid broader crypto sector shifts.
