Capital One has completed its acquisition of Brex in a stock and cash transaction, combining the fintech's AI-native platform with the bank's scale.

Brex has launched an integration with ChatGPT, enabling users to query expense data, card limits, and policy information via natural language.

Brex has agreed to be acquired by Capital One in a USD 5.15 billion transaction that would bring the fintech under the ownership of one of the largest US banks.

Brex has secured its Payment Institution (PI) licence in the EU via the Netherlands, reflecting its mission to serve high-growth businesses across key international markets.

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