Capital One is buying startup Brex for $5.15 billion in credit card firm’s latest deal


Brex co-founders Pedro Franceschi and Henrique Dubugras.

Brex

Capital One said Thursday that it was acquiring startup Brex for $5.15 billion.

The credit card lender said it would pay for the company, known as a startup that lends to other startups, for 50% cash and 50% stock.

Shares of the bank fell about 4% after the news.

This story is developing. Please check back for updates.



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