Financial services giants are taking action. According to the latest news, a leading commercial bank has spent $5.15 billion to acquire the well-known fintech company Brex and will integrate it into its commercial banking and payments system.

The name Brex is well-known in the startup circle. Since its founding in 2017, the company has built its reputation on corporate credit cards, cash management, and expense management tools, quickly accumulating a large customer base—from newly funded startups to large enterprises. This comprehensive enterprise service system has made Brex a star player in the fintech arena.

What does this acquisition reflect? Essentially, it boils down to one core logic: traditional financial institutions are accelerating their push into fintech. By acquiring established tech companies, they can directly gain teams, products, and customer bases, which is much more efficient than developing from scratch. For fintech companies, this also means leveraging the resources and licenses of large institutions to achieve larger-scale expansion.

Mergers and acquisitions in the fintech industry have become the norm, and the market is entering a new phase of competition and consolidation.