All gas, no brakes: Brex + Capital One

Happy Tuesday Brex Community,

As you likely saw on Thursday, Capital One has agreed to acquire Brex for $5.15B!

Additional insights are available by listening to the Capital One earnings call from Thursday with the CEO/Founder, Richard Fairbank. During the portion of the earnings call where Brex is discussed (18 minute mark), three words were used the most frequently: payments, growth, technology. Richard knows that payments is the future of banking & recognized that Brex has invested on this front & has done well. Regarding growth, he mentioned several times that the deal was agreed to in order to grow the Brex business. Lastly, on the technology front, Richard mentioned the core fintech infrastructure that Brex has built over the years and that is was a clear differentiator.

Expanding into this a bit more from a tactical perspective. Capital One has a large marketing infrastructure and budget, leveraging those, Brex will be able add more customers. Secondly , there are many existing Capital One customers who don’t use Brex, so there is a substantial opportunity to onboard those companies onto Brex for their spend management needs. Lastly, there is going to be an opportunity to expand margins for the Brex business by leveraging the Capital One infrastructure. These three things (but not limited to), will provide a lot of tailwinds for the already robust Brex business.

This partnership is an example of where 1 + 1 = 3. I’m excited on the opportunity for future growth and looking forward to put the foot on the gas!

Have a great week,

Shai Goldman

Jan 29 - NYC - Brex Supper Club with The Collective - Apply Here

Feb 4 - SF - Founder Event with The Collective + Susa + Brex + Devle - Apply Here

Feb 11 - NYC - Brex Supper Club with Canvas Prime - for Fintech Founders - Apply Here

Feb 18 - SF - What Tech CFOs Bring to the Public Sector - Apply Here

March 3 - SF - Brex Mode - AI summit for finance leaders - Info Here

March 5 - SF - Brex Supper Club with Niural - for Founders - Apply Here

March 10 - NYC - Brex Mode - AI summit for finance leaders - Info Here

Recurring - NYC - Founder workout sessions in Flatiron - Apply Here

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Brex is the intelligent finance platform built for speed and control. Combining corporate cards, banking, treasury, expense management, bill pay, travel, and accounting, Brex helps companies spend smarter and move faster in 120 countries. By integrating AI across every workflow, Brex enables founders and finance teams to eliminate manual work, do more with less, and accelerate impact. More than 35,000 companies from startups to enterprises run on Brex, including ServiceTitan, Robinhood, DoorDash, Cursor, and Sonos