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Capital One merges with Discover Financial Services

PUBLIC · COFJul 12, 2026

Acquiring Company

Capital One

Acquired Company

Discover Financial Services

McleanFinancial ServicesEducationFinanceFintechLendingBankingNon ProfitE LearningEdtechLanguage LearningFinancial ServicesFinanceFintechLendingBanking

Description

Capital One has successfully completed its acquisition of Discover. The integration process is beginning, with Discover products transitioning to Capital One's infrastructure. The upcoming date of July 27 is critical for ensuring a smooth transition for Discover customers.

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Company Information

Company

Capital One

Location

Mclean, Virginia, United States

About

Khan Academy’s mission is to provide a free, world-class education to anyone, anywhere. It partners with more than 500 school districts and schools in the U.S. and has more than 160 million registered users worldwide. The academy’s lessons are available in more than 50 languages. The academy was founded by Khan, an MIT and Harvard Business School graduate who spent years tutoring in his spare time before launching the nonprofit in 2008. Khan Academy offers free lessons in math, science, and humanities, as well as offering tools for parents, teachers, and school districts to track student progress. The academy is piloting an AI guide called Khanmigo that is a tutor and teaching assistant. The academy said its learning system is “mastery based,” allowing students to master key concepts at a pace that’s right for them while staying at grade level. Yajnik is the former treasurer of NAF, a national network of education, business, and community leaders who work together to ensure high school students are college-, career-, and future-ready.

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Frequently asked

Who acquired Discover Financial Services?

Discover Financial Services was acquired by Capital One, based in Mclean. The deal was reported on July 12, 2026. Khan Academy’s mission is to provide a free, world-class education to anyone, anywhere. It partners with more than 500 school districts and schools in the U.S. and has more than 160 million registered users worldwide. Capital One is publicly traded (COF) and operates in Financial Services.

When did Capital One acquire Discover Financial Services?

Capital One's acquisition of Discover Financial Services was reported on July 12, 2026. Capital One has successfully completed its acquisition of Discover. The integration process is beginning, with Discover products transitioning to Capital One's infrastructure. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Discover Financial Services do?

Discover Financial Services (NYSE: DFS) is a digital banking and payment services company with one of the most recognized brands in U.S. financial services. It is privately held, operating in Financial Services.

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