PEX

PEX is a financial technology company that builds corporate prepaid cards and spend and expense management software for businesses of all sizes. Founded in 2006 and headquartered at 169 Madison Avenue in New York City, the company develops SaaS platforms covering payments processing, expense management, spend controls and real-time transaction visibility. Its engineering work spans card issuance and management, transaction monitoring and reconciliation systems.

The product line includes the PEX Visa Prepaid Card and the PEX Disburse Visa Prepaid Card, both issued by Fifth Third Bank, for employees, contractors and beneficiaries. These are supported by the PEX Spend Management Platform, a SaaS suite that handles card issuance and management, advanced spend controls, real-time visibility into card usage, and reconciliation producing audit-ready spending records.

PEX reports more than 10,000 customers, with users in construction, industrial, nonprofit, faith-based, media, entertainment and professional services organisations. The company was founded by Toffer Grant and describes a customer-focused culture built on more than a decade of working with and listening to its markets.