PANews reported on January 23 that Capital One, a technology-driven financial services company, has agreed to acquire fintech company Brex in a 50/50 cash and stock deal, valuing the company at $5.15 billion, and integrating Brex into its commercial banking and payments business. The transaction is expected to close in mid-2026, and Franceschi will continue to oversee the integration of Brex into Capital One's commercial banking and payments operations. Brex previously announced plans to launch native stablecoin instant payment functionality.