[HN Gopher] Brex is joining forces with Capital One
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       Brex is joining forces with Capital One
        
       Author : ChrisArchitect
       Score  : 23 points
       Date   : 2026-01-22 21:45 UTC (1 hours ago)
        
 (HTM) web link (www.brex.com)
 (TXT) w3m dump (www.brex.com)
        
       | ChrisArchitect wrote:
       | Capital One release: https://investor.capitalone.com/news-
       | releases/news-release-d...
        
       | paxys wrote:
       | Sold for $5.15B.
       | 
       | Brex last raised $300M in Oct 2021 at a $12.3B valuation.
        
         | verdverm wrote:
         | They refused my business because I didn't have SV VC money
         | 
         | Chase got it instead, but they are losing it next month because
         | of their shenanigans and greed
         | 
         | Wish crypto hadn't been co-opted by the same people and worse
        
           | logicallee wrote:
           | I see you getting downvotes, but can you elaborate a little
           | on what happened? What kind of business did you mean? If you
           | don't want to share more here, you can email me.
        
             | verdverm wrote:
             | Typical HNer, started a startup around some tech. Brex
             | refuses to do business, even though I had positive cash
             | flow, they apparently only have clients with VC funding.
             | (at least at the time, I don't know if they later changed
             | their policy.
        
         | rvz wrote:
         | That is a 50% discount, which isn't great for those who got
         | into the latest round.
         | 
         | Seems like Capital One is very excited on the deal and
         | announced it earlier while Brex hid the announcement and made
         | it hard to find. (It's on the Brex [0] journal directory, but
         | you cannot see it featured on its front page)
         | 
         | What (really) happened?
         | 
         | [0] https://www.brex.com/journal
        
       | stingrae wrote:
       | in more direct words: Brex acquired by Capital One for $5.15B.
        
       | tschellenbach wrote:
       | Feels like they were first in the space but then somehow Ramp ran
       | away from dev with a higher dev pace. Fascinating to see.
        
       | blindriver wrote:
       | The investors all have liquidity preferences so the ones that
       | invested at higher valuations didn't lose any money.
       | 
       | But all employees after 2021 are underwater. I wonder if they got
       | any relief from management or if they got screwed.
        
         | logicallee wrote:
         | do you know, is that 1x?
        
       | mmanfrin wrote:
       | "Joining forces" is such a lame corpospeak phrase.
        
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       (page generated 2026-01-22 23:01 UTC)