WEX

WEX Gets $400M From Warburg Pincus To Boost Operations
WEX Gets $400M From Warburg Pincus To Boost Operations
June 29, 2020  |  B2B Payments

WEX has reported a $400 million investment from a partner of Warburg Pincus, which the financial services tech firm will use to continue operations amid...

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New WEX EDGE Business Savings Network To Boost Small Fleets
New WEX EDGE Business Savings Network To Boost Small Fleets
May 11, 2020  |  B2B Payments

WEX, which works in finances for companies in industries like fleet, travel and healthcare, has a new business savings network called WEX EDGE to help...

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WEX Tries To Back Out Of Optal, eNett Deal Due To Pandemic
WEX Tries To Back Out Of Optal, eNett Deal Due To Pandemic
May 07, 2020  |  B2B Payments

After inking a definitive agreement in January to acquire B2B optimization firm Optal and B2B travel payments company eNett, WEX Inc. said in its Q1...

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SMBs Find Cash Flow Support In Cards
SMBs Find Cash Flow Support In Cards
April 15, 2020  |  B2B Payments

While small- to medium-sized businesses (SMBs) continue to hustle to secure portions of various federal coronavirus relief funding, the commercial card industry is finding itself...

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WEX Reorganizes With New Team For B2B Payments
WEX Reorganizes With New Team For B2B Payments
April 13, 2020  |  Personnel

Payments FinTech WEX is introducing a new corporate payment solutions team as it moves to reorganize its business, the company said in a statement on...

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Commerce Takes Hit From Coronavirus With Travel, Supply Chain Impacts
Commerce Takes Hit From Coronavirus With Travel, Supply Chain Impacts
March 08, 2020  |  Coronavirus

Businesses and industries throughout the world are bracing for the economic impacts of the coronavirus as it disrupts supply chains, events and travel. The airline...

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Card Incentives Jump On Businesses’ Shift Away From Cash
Card Incentives Jump On Businesses’ Shift Away From Cash
February 19, 2020  |  B2B Payments

Going cashless has long been a conversation in the consumer payments world, but a new report from HSBC in the U.K. suggests businesses could be...

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WEX Rides Fuel Business And Healthcare To Solid 2019 Earnings
WEX Rides Fuel Business And Healthcare To Solid 2019 Earnings
February 13, 2020  |  Earnings

Payment processing was good to financial transaction provider WEX in 2019, as the company reported double-digit growth for the year in its earnings report today....

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Outage Persists For WEX Fleet Fuel Cards
Outage Persists For WEX Fleet Fuel Cards
February 06, 2020  |  B2B Payments

Truckers were left with unfilled gas tanks nationwide after an outage to WEX commercial fleet fuel cards, reports indicated on Thursday (Feb. 6). The WEX...

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