WEX (NYSE:WEX) Inc is a global provider of corporate payment solutions and information management services. The company specializes in developing and managing payment processing platforms that help businesses control and streamline their spending across a variety of industries. WEX offers tailored solutions for fuel and fleet card programs, virtual card payments, lodging and travel expense management, and healthcare claims processing, enabling clients to reduce fraud, increase efficiency and gain real-time visibility into their transactions.
In its fleet and lodging segment, WEX issues proprietary fuel cards that grant access to thousands of fueling locations across North America and Europe, accompanied by detailed reporting and analytics tools. The travel and corporate segment delivers virtual card technology to simplify procurement, accounts payable and travel expenses, while its healthcare segment provides electronic payment solutions and data-driven insights to healthcare providers, insurers and administrators. These offerings are supported by secure, cloud-based technology that can be integrated with existing enterprise resource planning and accounting systems.
Founded in 1983 as Wright Express and headquartered in Portland, Maine, WEX has expanded through organic growth and strategic acquisitions to serve more than 10,000 customers in over 100 countries. The company completed its initial public offering in 2012 and has since established operations in key markets across North America, Europe, Asia-Pacific and Latin America. WEX’s global footprint and partnerships with major oil companies, financial institutions and travel suppliers underpin its ability to deliver scalable payment solutions to multinational corporations and mid-sized enterprises alike.
WEX is guided by an experienced board of directors and executive leadership team with deep expertise in payments, technology and financial services. The management team focuses on innovation through research and development, strategic alliances and disciplined capital deployment. This approach ensures that WEX continues to adapt its product portfolio to evolving regulatory requirements, emerging payment trends and the changing needs of its diverse client base.
