WEX
Founded Year
1983Stage
PIPE | IPOMarket Cap
5.92BStock Price
172.64Revenue
$0000About WEX
WEX is a global commerce platform specializing in operational solutions for businesses across various sectors. The company offers a suite of products including fuel cards, fleet management tools, employee benefits administration, and business payment services. It primarily serves industries such as fuel and energy, business and commerce, financial services and technology, and the public sector. WEX was formerly known as Wright Express. It was founded in 1983 and is based in Portland, Maine.
Loading...
Loading...
Research containing WEX
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned WEX in 1 CB Insights research brief, most recently on Jan 18, 2024.
Jan 18, 2024 report
State of Fintech 2023 ReportExpert Collections containing WEX
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
WEX is included in 2 Expert Collections, including Conference Exhibitors.
Conference Exhibitors
5,302 items
Fintech
9,685 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
WEX Patents
WEX has filed 8 patents.
The 3 most popular patent topics include:
- data management
- database management systems
- diagrams
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
10/26/2020 | 5/30/2023 | Environmental engineering, Sewerage, Sanitation, Water pollution, Sewerage infrastructure | Grant |
Application Date | 10/26/2020 |
|---|---|
Grant Date | 5/30/2023 |
Title | |
Related Topics | Environmental engineering, Sewerage, Sanitation, Water pollution, Sewerage infrastructure |
Status | Grant |
Latest WEX News
Aug 28, 2025
August 28, 2025 WEX, which offers services across corporate payments, employee benefits and fleet card solutions, has partnered with Trulioo , an identity verification platform known for its global coverage for both personal and business verification. The collaboration aims to modernise WEX’s onboarding processes for European fuel card customers by replacing manual identity checks with Trulioo’s Document Verification and Biometrics solutions. This move comes as fraud threats in digital onboarding continue to escalate, driving demand for more secure and seamless customer experiences. Trulioo delivers automated identity verification services leveraging advanced biometrics, AI-driven fraud detection and global compliance expertise. Its platform offers guided document capture, post-capture feedback, and proprietary algorithms trained on more than 25m global images to identify forgeries, deepfakes and injection attacks with a 100% fraud catch rate. WEX, on the other hand, provides digital payment and fleet management services to businesses worldwide. Its platform supports corporate payments, employee benefits, and fuel card programmes across multiple markets, enabling clients to streamline operations while maintaining compliance with evolving regulations. The partnership follows a competitive selection process in which WEX evaluated leading identity verification providers before choosing Trulioo for its advanced document verification capabilities, regulatory compliance strengths and user experience. William Fitzgerald, WEX vice president of fraud & financial crimes, said, “Partnering with Trulioo marks an important step in our ongoing commitment to innovation and delivering the best possible experience for our customers. By replacing manual, time-consuming processes with intelligent verification, we’re helping to reduce fraud risk, streamline onboarding and create a seamless digital experience for our customers. Trulioo is the ideal partner as we evolve our fuel card offerings across Europe and beyond.” Trulioo CEO Vicky Bindra said, “Our partnership with WEX reflects a shared commitment to faster, safer and smarter customer experiences. Across regulated industries, businesses are looking to balance smooth digital experiences with the highest standards of security and compliance. Trulioo makes this possible with intelligent, automated identity verification at a global scale. We’re proud to support WEX in continuing to enhance onboarding, mitigate fraud and build lasting trust with their customers.”
WEX Frequently Asked Questions (FAQ)
When was WEX founded?
WEX was founded in 1983.
Where is WEX's headquarters?
WEX's headquarters is located at 1 Hancock Street, Portland.
What is WEX's latest funding round?
WEX's latest funding round is PIPE.
Who are the investors of WEX?
Investors of WEX include Warburg Pincus.
Who are WEX's competitors?
Competitors of WEX include Global Blue, Qolo, Elevate CDB, First Dollar, Elevate and 7 more.
Loading...
Compare WEX to Competitors
Lynx provides a healthcare payment and administration platform within the financial sector. The company offers services including the administration of consumer-directed health accounts (CDH), Medicare Advantage supplemental benefits, Medicaid value-added benefits, and Individual Coverage Health Reimbursement Arrangements (ICHRA), all through an API-based platform. It serves health plans, financial institutions, and benefits administrators. It was founded in 2021 and is based in Boston, Massachusetts.
Highnote is a financial technology company that provides payment solutions across various sectors. The company offers a platform for issuing cards, accepting payments, and managing credit programs, which can integrate into existing products and services. Highnote serves digital enterprises interested in embedding finance experiences. It was founded in 2020 and is based in San Francisco, California.
HSA Bank provides healthcare finance and benefits administration within the financial services industry. The company offers tax-advantaged accounts and administrative solutions, such as Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), and Commuter Benefits. HSA Bank's services aim to assist individuals with healthcare costs, provide employers with benefit packages, and support brokers and partners. It was founded in 1997 and is based in Sheboygan, Wisconsin.
Navia Benefit operates in the human resources and employee benefits industry, administering various accounts and plans including flexible spending accounts (FSA), health savings accounts (HSA), health reimbursement arrangements (HRA), and retirement plans. The company also provides services related to compliance, education benefits, and lifestyle benefits, serving a range of employers and consumers. It was founded in 1989 and is based in Renton, Washington.
SAP Concur provides travel, expense, and invoice management solutions in the financial technology sector. The company has products that assist in the processes of managing business travel, employee expenses, and accounts payable, using AI for data analysis and compliance. SAP Concur serves sectors including education, healthcare, technology, and government, offering tools for enterprise finance leaders, HR, IT leaders, and travel managers. SAP Concur was formerly known as Portable Software. It was founded in 1993 and is based in Bellevue, Washington. SAP Concur operates as a subsidiary of SAP.
Elevate focuses on consumer-directed benefits administration within the financial services and healthcare sectors. The company provides a platform that manages health savings accounts (HSAs), spending accounts (FSAs), health reimbursement arrangements (HRAs), and other benefits. It was founded in 2020 and is based in Denver, Colorado.
Loading...