CAPITAL ONE STRIKES $5.15 BILLION DEAL FOR FINTECH BREX

Summary from the TLDR newsletter

Capital One Financial has agreed to buy Brex for $5.15 billion in cash and stock. Brex launched in 2017 to cater to startups that ran into difficulties getting corporate cards from traditional players. It is one of the youngest US startups to join the billion-dollar valuation club. Capital One expects to close the deal in the second quarter.