Who are WEX, Inc.'s investors?

WEX, Inc.'s investors include Advection Growth Capital, Genstar, North Atlantic Capital.

How much funding has WEX, Inc. raised?

WEX, Inc. has disclosed $355M raised across 1 round.

Where is WEX, Inc. headquartered?

WEX, Inc. is headquartered in South Portland, US.

WEX, Inc.

NYSE: WEXalso invests · investor profile

South Portland, US · Delaware corporation · 3 known investors

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WEX provides business payment solutions, including corporate payments, mobility/fleet payments, and employee benefits offerings. It serves businesses globally across payments and mobility sectors.

Enterprise Software Fintech Mobility & Transportation SaaS

Founders & leadership

Jeff Young ExecutiveJeff Young held executive roles at Great Plains Software (including VP of sales, marketing, and services), was VP of business applications at Microsoft, served as CEO of Stack Sports for six years, and founded Evolution1, a healthcare technology company acquired by WEX in 2014. He holds a degree from the University of Jamestown.

Michael D. DubyakExecutive

Roberto Simon ExecutiveHe brings experience in finance, supply chain management, ERP systems implementation, and cross-functional operations across multiple countries and business units, with background in private equity and consumer goods sectors.

Melissa SmithCEO and President

Carlos Carriedo Chief Operating Officer, Americas Payments & MobilityCarlos Carriedo led the International business at WEX and previously headed the European B2B division at American Express, where he managed operations across multiple countries in Europe, the US, Latin America, and Canada.

Jay Dearborn Chief Operating Officer, InternationalJay Dearborn is Chief Operating Officer of International Operations at WEX, a global business payments platform. He joined WEX in 2016 after serving as a principal at McKinsey & Company advising organizations on strategy and operational improvements, and previously held roles in corporate strategy and merchant marketing at American Express. He holds an MBA and bachelor's degree from the Wharton School of the University of Pennsylvania, and a master's degree in law and diplomacy from Tufts University's Fletcher School.

Robert Deshaies Chief Operating Officer, BenefitsRobert Deshaies is Chief Operating Officer of Benefits at WEX, Inc., bringing over 30 years of executive experience across global P&L management, corporate development, product management, and operations across cloud and mobility sectors.

Sachin Dhawan Chief Technology OfficerChief Technology Officer at WEX, Inc., Sachin Dhawan previously held technology leadership roles at Visa (infrastructure and operations), StitchFix (consumer personalization products), PayPal (digital wallet and commerce), Blackhawk Network (payments platform), and Microsoft (search advertising and personalization systems). He has expertise in building large-scale distributed systems, payments infrastructure, machine learning, and cloud platforms.

Ann Drew Chief Risk & Compliance OfficerAnn Drew leads risk and compliance at WEX, a publicly traded financial services and payments company, bringing expertise in regulatory strategy, financial crime prevention, and enterprise risk management from her career in global financial services.

Sandy Kuohn Chief People OfficerShe has led HR strategy and M&A integration efforts across multiple organizations, including significant roles building scalable HR teams during periods of rapid company growth and managing talent acquisition, compensation, and organizational transformation initiatives.

Jagtar NarulaChief Financial Officer

Karen Stroup Chief Digital OfficerKaren Stroup is Chief Digital Officer at WEX, leading product management, digital go-to-market, design, and data analytics. She previously held Chief Digital Officer and senior product leadership roles at Thomson Reuters, Capital One Financial Services, and Intuit, with an MBA from Tuck School of Business at Dartmouth.

Investors · 3

Advection Growth Capitallisted by Advection Growth CapitalNew York City

Genstarlisted by GenstarSan Francisco

North Atlantic Capitallisted by North Atlantic CapitalPortland · $3M – $12M

How we know: North Atlantic Capital's portfolio page · Not right? Tell us

Reported raises · per SEC filings

Form D private placements

$355M disclosed across 1 round · 2016

▶$355MraisedJul 2016 · 1 investors · Other Banking and Financial Services

Rule 506(b)

Officers, directors & promoters on the filing

Jeff YoungExecutive Officer
George L. McTavishDirector
Ronald T. MaheuDirector
Eric DupratDirector
Stephen CrowleyExecutive Officer
Regina O. SommerDirector
Melissa D. SmithExecutive Officer, Director
Kirk P. PondDirector
Michael D. DubyakDirector
Shikhar GhoshDirector
Roberto SimonExecutive Officer
Rowland MoriartyDirector
George W. HoganExecutive Officer
Kenneth W. JanosickExecutive Officer
Hilary A. RapkinExecutive Officer
Nicola MorrisExecutive Officer
Jim PrattExecutive Officer
Jack Van WoerkomDirector

Offering amount: $355M
Amount sold: $355M
First sale: Jul 2016
Incorporated: Corporation, Delaware
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Founder mafia

2 people who came through WEX, Inc. went on to found or lead other companies.

Brendan O'BrienSenior Data ArchitectFounded Aria Systems Jeff YoungExecutive OfficerFounded Stacksports

Competitors · 5

by search overlap

Lively, Inc.2248 shared keywordsLively provides AI-powered customer service and support for the benefits administration industry, combining intelligent technology with human representatives to resolve employee and customer inquiries. The platform serves benefits administrators and employees seeking faster, more personalized service for health and financial benefits management.

Interactive Strength Acquires Ergatta2109 shared keywordsFidelity offers an online brokerage platform for retail investors to trade US stocks, ETFs, options, mutual funds, bonds, CDs, and crypto ETPs, with $0 commission on online US stock and ETF trades. It provides trading across web, desktop, and mobile alongside research tools, professional coaching, and advisory services.

Intuit®1718 shared keywordsIntuit develops financial software products—including TurboTax, Credit Karma, QuickBooks, and Mailchimp—for consumers and small businesses to manage taxes, credit, accounting, and marketing. It serves approximately 100 million customers worldwide.

SmartAsset1365 shared keywordsFisher Investments is a global money management and financial advisory firm that provides portfolio management, financial planning, and retirement planning services primarily to high-net-worth individuals and institutional clients. The firm manages investments across equities, fixed income, and blended accounts using an active, forward-looking investment approach.

ADP1239 shared keywordsADP provides cloud-based human capital management solutions that integrate payroll, HR, talent management, time and attendance, tax, and benefits administration for businesses globally. The company serves as a comprehensive provider of HCM software and business outsourcing services with analytics and compliance expertise.

Companies competing with WEX, Inc. for the same Google search keywords, organic and paid, via search-intersection analysis.

Frequently asked questions

What does WEX, Inc. do?: WEX provides business payment solutions, including corporate payments, mobility/fleet payments, and employee benefits offerings. It serves businesses globally across payments and mobility sectors.
Who are WEX, Inc.'s investors?: WEX, Inc.'s investors include Advection Growth Capital, Genstar, North Atlantic Capital.
How much funding has WEX, Inc. raised?: WEX, Inc. has disclosed $355M raised across 1 round.
Where is WEX, Inc. headquartered?: WEX, Inc. is headquartered in South Portland, US.