Capital One agrees to acquire credit card and stablecoin payment service provider Brex

Jinse Finance reported that Capital One has agreed to acquire fintech startup Brex in a cash and stock deal worth $5.15 billion, and will integrate Brex into its commercial banking and payments business. Founded in 2017, Brex quickly established a significant market position by providing corporate cards and integrated cash management tools to startups and large enterprises. This acquisition allows Capital One to gain a foothold in the emerging payment technology sector, including Brex's planned launch of an instant payment service based on stablecoins.