PEX Card is the industry's first turnkey commercial prepaid card program launched specifically to help businesses streamline employee expense management. The PEX Card Admin portal includes innovative control features for managing pre-funded deposits that are directed to Visa prepaid cards employees use for day-to-day spending. Businesses that integrate the PEX Card Service into their operations experience greater cash flow visibility by making funds disbursements and limiting spending more efficiently than with traditional card services, cash advance or expense reimbursement policies.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 10/24/12 | $3,200,000 | Series B |
Augury Capital Bluff Point Associates iNovia Capital | undisclosed |
