Wex

About

Wex is a financial technology service provider across a wide spectrum of sectors, including fleet, travel and healthcare.

South Portland,Maine,United States
1001 - 5000
http://www.wexinc.com/

Highlights

Details

Last Funding Type: Post-IPO Equity
Last Funding Money Raised: $90M
Industries: Financial Services,FinTech,Payments,Software
Founded date: Jan 1, 1983
Number Of Employee: 1001 - 5000
Operating Status: Active
Stock Symbol: nyse:WEX
Legal Name: WEX Inc

WEX gives you precise financial and information management solutions to help your company strengthen its balance sheet and achieve unparalleled control and security.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

3

$1.12B

Wex has raised a total of $1.12B in funding over 2 rounds. Their latest funding was raised on Jun 30, 2020 from a Post-IPO Equity round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Jun 30, 2020	Post-IPO Equity	$90M	1	Warburg Pincus	—	Detail
Jun 30, 2020	Post-IPO Debt	$310M	1	Warburg Pincus	—	Detail
Feb 16, 2005	IPO	$720M	—	—	—	Detail

Investors

Number of Lead Investors

Number of Investors

2

1

Wex is funded by 1 investors. Warburg Pincus are the most recent investors.

Investor Name	Lead Investor	Funding Round
Warburg Pincus	Yes	Post-IPO Equity

Employee Profiles

Number of Employee Profiles

14

Wex has 14 current employee profiles, including Employee Anthony Hynes

Employee

Executive

Executive

Board member

Executive

Acquisition

Wex has acquired 10 organizations. Their most recent acquisition was CorporatePay on May 11, 2012. They acquired CorporatePay for 0.

Date Company Name	Industry	Acquisition Type	Price
May 11, 2012 CorporatePay	Financial Services	—	—	Detail
Oct 8, 2012 Fleet One	Business Intelligence	acquisition	$ 369M	Detail
Jun 16, 2014 WEX Health	Electronics	acquisition	—	Detail
Oct 15, 2015 Benaissance	SaaS	acquisition	$ 80M	Detail
Oct 19, 2015 Electronic Funds Source	Financial Services	acquisition	—	Detail