The deal is meant to give the credit-card issuer more firepower with corporate clients, and comes at a key moment in the payments world, as fintech and crypto firms threaten to siphon business away from banks. Some established players have looked to team up with these firms to stay competitive, with the Trump administration signaling less scrutiny of such partnerships and deals.
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Capital One strikes $5.15b deal for fintech Brex
Brazilian entrepreneurs Pedro Franceschi and Henrique Dubugras founded Brex after dropping out of Stanford University. The two ran Brex as co-CEOs until 2024 when Dubugras stepped off the executive team to serve as chairman of its board. Franceschi serves as CEO and plans to continue in the role after the deal closes.
