Capital One Agrees to Buy Brex for $5 Billion, a Discount to Last Private Valuation

Capital One struck a deal to buy payments and credit card startup Brex for $5.15 billion, the U.S. bank said on Thursday. That is a far cry from Brex’s last valuation of $12 billion during a 2022 fundraising, though the sale means investors in the nine-year-old startup will be able to cash out ...