Company profile: WEX
1.1 - Company Overview
Company description
- Provider of financial technology solutions for the fleet, travel, and healthcare industries, offering fuel cards and fleet management, business payments, employee benefits administration (HSAs, FSAs), telematics with GPS and analytics, ClearView analytics and reporting, and virtual cards to cut costs, reduce fraud, and enhance control and efficiency.
Products and services
- Business Payments: Enterprise-grade systems that cut costs, speed up processing, reduce fraud, and build supplier loyalty while driving new revenue streams for businesses through streamlined payment workflows
- Employee Benefits: End-to-end administration of HSAs and FSAs that increases participation, saves money, and helps attract and retain talent through comprehensive benefits management for employers
- Fuel Cards and Fleet Management: Analytics-driven platform employing technology to reduce fuel costs, support drivers, and scale to any business size or fleet for improved oversight of fueling activity
Key contacts
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Financial details
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1.2 - Competitors and similar companies to WEX
WeSwap
HQ: United Kingdom
Website
- Description: Provider of a peer-to-peer travel currency exchange letting users swap at the interbank rate with a transparent fee. Offers a multi-currency online account and the WeSwap Prepaid Mastercard for global withdrawals and payments in over 180 countries, supporting 32 currencies. Features include instant loading from bank accounts, receiving funds, instant on-card currency swaps, and spending tracking with receipt uploads.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full WeSwap company profile →
Bancore
HQ: Denmark
Website
- Description: Provider of mobile payment solutions for un-banked and semi-banked populations in emerging markets, offering mobile banking and micro-payment services for international enterprises and merchants, delivered through the use of virtual Visa and Mastercards.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Bancore company profile →
CardSpring
HQ: United States
Website
- Description: Provider of an application platform enabling web and mobile developers to build payment applications for credit cards and other types of payments, securely integrated with payment networks and accessed via Web-standard APIs.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full CardSpring company profile →
Paddle
HQ: United Kingdom
Website
- Description: Provider of a merchant of record platform that manages payment, billing, taxes, and compliance for software and SaaS businesses.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Paddle company profile →
Ingo Money
HQ: United States
Website
- Description: Provider of a disbursement marketplace and platform for instant payments, check digitization, and safe-to-spend funds across consumer debit, prepaid, credit, private label credit, and mobile wallet accounts, offering INGO MOBILE CHECK CASHING SDK, INGO CHECK ALERT API for fraud detection, INGO CHECK PROTECT API for real-time deposit underwriting, and Ingo Payments for instant payments, account funding, and banking-as-a-service.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Ingo Money company profile →
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for WEX
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Buyer group 2: ████████ ████████
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Buyer group 3: ████████ ████████
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Description: ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████
Key Products: ████████, ████████, ████████, ████████
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to WEX
2.2 - Growth funds investing in similar companies to WEX
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4 - Top valuation comps for WEX
4.2 - Public trading comparable groups for WEX
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