PEX
PEX, founded in 2006 and based in New York City, provides corporate prepaid Visa cards and a SaaS spend management platform with spend controls and reconciliation automation.
PEX is a financial technology company that supplies corporate prepaid cards and expense management software to businesses of all sizes. Founded in 2006 and headquartered at 169 Madison Avenue in New York City, the firm reports more than 10,000 customers across such sectors as construction, industrial, nonprofit, faith-based organisations, media, entertainment and professional services.
The company's product line centres on two card programmes issued by Fifth Third Bank: the PEX Visa Prepaid Card, a corporate card for employees, contractors and beneficiaries, and the PEX Disburse Visa Prepaid Card, aimed at disbursements. These are paired with the PEX workforce spend management platform, a SaaS offering that provides advanced spend controls, real-time visibility into card usage and improved reconciliation processes, with the aim of producing audit-ready spending records.
Engineering work spans SaaS platform development, payments and fintech infrastructure, expense management software, real-time transaction monitoring and reconciliation automation. The company describes its approach as customer-focused, listening to clients and understanding their markets, with particular emphasis on security and trusted relationships with finance teams.