• Sector: Financial Services, Industrial and Business Services
  • Geography: United States
  • Stage: Late
  • Investment Year: 2020
  • Website Link

WEX

Headquartered in Portland, Maine, WEX (NYSE: WEX) provides vertical-focused transaction processing and software solutions to corporate clients in the fleet, healthcare, travel, and general corporate markets. WEX operates in three business segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. In Fleet Solutions, WEX is a leader in fleet vehicle payment processing services specifically designed for the needs of large fleets, government fleets, over-the-road carriers and small businesses. Within Travel and Corporate Solutions, the Company provides corporate purchasing and payment capabilities that are integrated with its customers’ internal systems to streamline corporate payments, accounts payable and reconciliation processes. In Health and Employee Benefit Solutions, WEX provides a SaaS-based platform to support consumer-directed health programs and payments.