Today, Brex and Capital One are announcing the largest bank-fintech deal in history for $5.15B, joining forces to build the most important financial platform for businesses in the US.
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To give you a sense of the scale of what we ll build together, Capital One today operates orders of magnitude ahead of Brex on almost any metric: $900B in annual card GMV, $700B in assets, $150B in market cap, a $6B marketing budget, and a $6B R&D budget. By combining Brex s technology, product, and go-to-market success with Capital One s unprecedented scale, brand, distribution, and balance sheet, we will supercharge our go-to-market and product development with levels of investment that will accelerate our mission by over a decade.
You can now replace your bank account with Brex Cash. It’s designed to be the primary operating account for your business, gives you free ACH & wire transfers, and your cash earns a yield of 1.6% or more.
Get a business account, credit card, rewards, and expense management—all in one place, all designed to help you grow. No personal guarantee required.
Brex credit cards and business accounts help startups scale fast, and Brex’s API can make you even faster. Use our API to power your internal tools, create custom workflows, and automate payments, issue virtual cards, reporting, and much more.
