Source: Greenoaks, one of Brex's top investors, will return twice its investment after Capital One's Brex acquisition for $5.15B in a half-cash, half-stock deal
Brex's $5.15 billion agreement to sell to Capital One isn't the kind of exit employees or investors would have dreamed of four years ago …
The Information
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Discussion
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Brex
Pedro Franceschi
on x
Brex is joining forces with Capital One
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@eglyman
Eric Glyman
on x
Congrats to @pedroh96 and the Brex team on the acquisition. Major testament to what you and the team have built, and we have a lot of love for the leadership team at Capital One If you need any restaurant recommendations in McLean, I have many fond memories here [image]
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@brexhq
@brexhq
on x
Today, we're excited to share that Brex and @CapitalOne are joining forces in the largest bank-fintech deal in history. This is an important milestone for Brex and a meaningful step forward for our customers. With Capital One's scale and resources behind us, we'll be able to
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@immad
@immad
on x
Congrats to @pedroh96 and Brex team on the $5bn acquisition by Capital One. I am excited for their Brexit.
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@ericnewcomer
Eric Newcomer
on x
Capital One Agrees to Acquire Fintech Brex for $5.1 Billion https://www.bloomberg.com/...
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@hadickm
Rob Hadick
on x
Doesn't really matter what the details are here, great move by Capital One to future proof its business. Price makes it clear just how much Brex had fumbled its lead, however. [image]
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@ericnewcomer
Eric Newcomer
on x
i know another credit card startup ceo who sold his startup to capital one [image]
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@austin_rief
Austin Rief
on x
There is great irony in Ramp's biggest competitor (Brex) selling to Capital One — the company the Ramp founders sold their first company to, and where they decided to launch Ramp to compete with them.
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@jessetinsley
Jesse Tinsley
on x
🚨Fintech Acquisition alert🚨 Capital One is buying Brex for $5.15 Billion dollars. In my opinion they are likely not just buying them for revenue but the data into SMB business credit worthiness. Which is a core component for an AI future. Great deal a true win for everyone!
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@lulumeservey
Lulu Cheng Meservey
on x
Congratulations (to Ramp)! [image]
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@jbahrdestefano
JC Bahr-de Stefano
on x
Wow - fintech m&a absolutely white hot! Blockbuster deal as @CapitalOne buying @brexHQ for $5.15B (50% cash + 50% stock deal) Brex hit $12.3B val in Jan '22 ($300M Series D-2 led by Greenoaks & TCV) Post-peak, Brex really turned it around → cut workforce ~20%, reduced cash [image…
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@darian314
Darian Shirazi
on x
not a bad off-Ramp https://www.wsj.com/...
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@victoralazarte
Victor Lazarte
on x
Today, Capital One is acquiring Brex for $5.15B, the largest bank-fintech acquisition ever. Great CEOs build great companies. What most people don't know is that by age 29, Pedro had built two different companies, each generating $500M+ in revenue, with his partner