Quarterlytics / Technology / Software - Infrastructure / WEX

WEX

WEX · NYSE Technology
Claim this profile
Ticker WEX
Exchange NYSE
Sector Technology
Industry Software - Infrastructure
Employees 5001-10,000

Business description

WEX Inc., an international commerce platform, is a leading provider of fleet vehicle payment solutions, transaction processing and information management services. The company's Fleet Solutions segment offers ancillary services and tools to fleets for managing expenses and capital requirements, as well as credit and collections services, merchant services, and analytics solutions. WEX markets its products directly and indirectly to businesses and government agencies with commercial vehicle fleets, as well as through co-branded and private label relationships. The Travel and Corporate Solutions segment offers a range of payment solutions, including embedded payments, accounts payable automation, and spend management solutions, including virtual cards that are used for transactions where no physical card is presented. WEX markets its products directly and indirectly to customers in travel, fintech, insurance, consumer bill pay, and media verticals. The company provides similar services to businesses and financial institutions. The Health and Employee Benefit Solutions segment offers a software-as-a-service (SaaS) platform for consumer-directed healthcare benefits and full-service benefit enrollment solutions. The platform includes embedded payment solutions and plan administration services for consumer-directed health benefits, COBRA accounts, and benefit enrollment and administration services. WEX provides custodial and depository services for health savings accounts and payroll-related benefits. The company markets its products through third-party administrators, financial institutions, payroll providers, and health plans. Founded in 1983 and based in Portland, Maine, WEX Inc. was formerly known as Wright Express Corporation. The company changed its name to WEX Inc. in October 2012 to reflect its expansion beyond fuel cards into a broader portfolio of payments and processing services.

Is this your company?
Claim profile to control your coverage, no call required.
Company facts
TickerWEX
ExchangeNYSE
Sector Technology
Employees5001-10,000