WEX (NYSE:WEX) Inc is a global financial technology company specializing in business payment solutions for fleet, travel, and corporate payments. The company delivers software-driven platforms and card-based services that help businesses automate payment processes, manage expenses and improve operational efficiency across a range of industries, including transportation, healthcare and government.
Founded in 1983 as Wright Express in Portland, Maine, the company began by offering fuel card services to trucking fleets. Over time, it expanded its product suite to include virtual payment solutions, data analytics tools and integrated billing systems. In 2012, the company completed its initial public offering and rebranded as WEX to reflect its broader focus on payments technology.
Key offerings include fleet fuel cards, virtual credit cards, corporate travel payment solutions and automated accounts payable platforms. These services enable clients to consolidate invoices, enforce spending controls and gain real-time visibility into expenses. WEX also provides healthcare claims payment services through its Health division, facilitating electronic payments and remittance data exchange between payers and providers.
Headquartered in Portland, Maine, WEX serves customers in North America, Latin America, Europe and Asia-Pacific. Under the leadership of President and CEO Melissa M. Smith, the company continues to invest in digital capabilities and strategic partnerships to broaden its global footprint and enhance its suite of payment technologies.
