Many AI founders now find it necessary to raise at valuations requiring absolute domination of the field; Brex, once valued at $12B, shows the downsides of this
Capital One just announced it's acquiring Brex for $5.15 billion. An incredible, top .1% “exit” in less than 10 years …
Many AI founders now find it necessary to raise at valuations requiring absolute domination of the field; Brex, once valued at $12B, shows the downsides of this
Capital One just announced it's acquiring Brex for $5.15 billion. An incredible, top .1% “exit” in less than 10 years …
Capital One agrees to acquire Brex, which specializes in tech to administer corporate credit cards, expenses, and rewards, for $5.15B in cash and stock
That's what you call going out with a whimper.Hugh Son /CNBC:Capital One is buying startup Brex for $5.15 billion in credit card firm's latest deal
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 …
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 …
Capital One agrees to acquire Brex, which specializes in tech to administer corporate credit cards, expenses, and rewards, for $5.15B in cash and stock
Deal would give credit-card issuer access to technology used by thousands of companies for corporate credit cards
Capital One agrees to acquire Brex, which specializes in tech to administer corporate credit cards, expenses, and rewards, for $5.15B in cash and stock
Deal would give credit-card issuer access to technology used by thousands of companies for corporate credit cards
Advertising company Outfront, whose clients include Mercury, Brex, Klarna, and Venmo, says fintech ad spend is up 45%+ YoY on average over the past three years
Teresa Xie / Bloomberg :
Klarna's planned H1 2025 US IPO could presage an uptick in IPOs by fintechs like Trustly, Chime, Zilch, Plaid, Revolut, Zopa, Brex, and Ramp after a slow period
Bloomberg : LinkedIn: Brennin Kroog LinkedIn: Brennin Kroog : Very insightful article from Anna Irrera at Bloomberg that I was able to contribute to regarding the state of the FinTech landscape again...