Capital One in its $5.15 billion acquisition of Brex

On January 22, 2026, Capital One Financial Corporation (NYSE: COF), a leading technology-based financial services company, announced that it has entered into a definitive agreement to acquire Brex Inc., an AI-native software platform enabling businesses to easily issue corporate cards, automate expense management and make secure, real-time payments.  Capital One’s acquisition of Brex marks a significant expansion by Capital One into the business payments marketplace and demonstrates the growing importance of AI in payments and financial services.  The transaction is valued at $5.15 billion and the consideration consists of a combination of stock and cash.

Wachtell, Lipton, Rosen & Katz is serving as legal counsel to Capital One.