@Capital One acquired fintech @Brex (credit cards, expense mgmt for startups) for $5.5B to close mid 2026. BREAKING DOWN THE DEAL: * this is a down round from $12.5B peak val in 2022 * however still valued at 7.5x sales multiplier vs 3.3x avg for comps. competitor @Ramp raised at a 30x multiplier in late 2025, but is not public markets tested WINNERS: early investors and employees still enjoy high returns, proving venture is a strong asset class for classic early high risk deals and ~10 year return cycles (@lYCombinator, Kleiner Perkins, Ribbit Capital, Peter Thiel) LOSERS: late stage investors and employees, suggesting the hype in tech is not sustainable (Tiger Global led last $12.5B round) #fintech #brex #fintechnews #technews #venturecapital
@unvested_ @Capital One acquired fintech @Brex (credit cards, expense mgmt for startups) for $5.5B to close mid 2026. BREAKING DOWN THE DEAL: * this is a down round from $12.5B peak val in 2022 * however still valued at 7.5x sales multiplier vs 3.3x avg for comps. competitor @Ramp raised at a 30x multiplier in late 2025, but is not public markets tested WINNERS: early investors and employees still enjoy high returns, proving venture is a strong asset class for classic early high risk deals and ~10 year return cycles (@lYCombinator, Kleiner Perkins, Ribbit Capital, Peter Thiel) LOSERS: late stage investors and employees, suggesting the hype in tech is not sustainable (Tiger Global led last $12.5B round) #fintech #brex #fintechnews #technews #venturecapital
