PEX

PEX is a leading provider of corporate card and spend management solutions for businesses. Its platform offers a comprehensive suite of products and services designed to simplify employee spending, vendor payments, and distribution of funds. PEX's core offerings include PEX Visa Commercial Cards, which provide instant funding and flexible payment terms, as well as PEX Visa Prepaid Cards that offer enhanced transparency and control over expenses.

The company's Virtual Vendor Cards streamline the process of paying bills and monthly invoices by enabling businesses to issue virtual cards with custom spending limits and real-time tracking capabilities. Additionally, PEX's disbursements platform, which includes PEX Disburse Visa Prepaid Cards, facilitates efficient distribution of funds for grant programs, rewards, and incentive initiatives.

PEX's solutions cater to various industries, including nonprofits, faith-based organizations, education, events and entertainment, the gig economy, and contractors. As of May 2024, the company had issued over 10 million cards, demonstrating its extensive reach and adoption across diverse sectors.

PEX prioritizes integration with popular financial software, providing seamless data integration and time-saving applications to enhance customers' financial operations. The company also offers a partner program, equipping businesses with tools and resources to create customized financial management experiences for their clients.

In addition to its core financial offerings, PEX operates a subsidiary called RME (Rights Management Enterprises), a modern rights organization focused on empowering creators and rightsholders. Through its collaboration with Cosynd, a copyright protection platform, RME enables its users to streamline copyright registration, track music usage accurately, and ensure fair compensation for their intellectual property.