Wex Inc. is a leading provider of business to business physical, digital and virtual card payment solutions. Our businesses and subsidiaries focus on creating precision solutions while delivering an exceptional customer experience so that our customers - whether small business, large fleets or corporations - can operate smoothly, securely and profitably. We are passionate about the payments industry and have created our success by executing against a multi-pronged growth which will enable us to maintain our leadership position.
Expanding our Americas Fleet business - Since our founding in 1983, WEX has built one of the largest closed-loop proprietary fuel and vehicle maintenance networks in North America. WEX has a leading market position with site acceptance at over 90 percent of the nation's retail fuel locations and an installed customer base of 350,000 businesses and 6.5 million cardholders/vehicles. Our proprietary software lets fleets control purchases in the field and gives them comprehensive information and analysis tools to effectively manage their operations and reduce costs. Our drive for a strong customer experience results in high customer retention rates, which are significant differentiators in our industries. Diversifying our revenue streams - WEX has been diversifying its business through a combination of organic growth and acquisitions to minimize fuel price sensitivity. In 2000, WEX pioneered a single-use virtual payment solution to address the complexity of reconciling payments in the online travel industry, which has been a key contributor to our growth. We have been leveraging this technology to enter into additional industries and have expanded into complementary products such as paycards to further grow our business. Building our international presence - WEX's strong brand and financial strength has enabled us to move into new geographies and markets. We have been systematically expanding our international footprint over the last several years through a number of strategic acquisitions. Today, WEX has a presence in Australia, Brazil, Canada, New Zealand, and the United Kingdom. We continue to focus on globalizing our fleet and corporate payment solutions business whether through acquisitions, strategic alliances or organically in order to drive the next phase of our development. – less – More from ZoomInfo »