Electronic Funds Source

Ogden, United States Founded: 1996 • Age: 30 yrs Acquired By Wright Express
Corporate and fleet expense card solutions are provided for businesses.
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Report Incorrect Data
Annual revenue - Latest available
Total funding - 2 rounds
Employees - Tracked headcount
Investors 3 Known backers
Products 3 Services tracked
Competitors 10 Brand Intelligence

About Electronic Funds Source

Electronic Funds Source is a company based in Ogden (United States) founded in 1996 was acquired by Wright Express in October 2015. Electronic Funds Source offers products and services including Fleet One EDGE Card, EFS Fleet Card, and EFS Fleet Mastercard. Electronic Funds Source operates in a competitive market with competitors including Ramp, Brex, Navan, Wright Express and Sodexo, among others.

  • Headquarter Ogden, United States
  • Sectors
    Travel & Hospitality
    Technology Financial Services
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Wex Inc.
Operational Areas
Travel & Hospitality → Hospitality & Travel Technology → →
Technology → Enterprise Software & Productivity Solutions → →
Technology → Marketing, Adtech & Commerce Technology → →
Financial Services → FinTech & Digital Finance → →
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Latest Funding Round
  • Investors
    Wright Express

    & 2 more

  • Employee Count
    Employee Count
  • Acquired by
    Wright Express

    & 1 more

    (Oct 19, 2015)

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Products & Services of Electronic Funds Source

Electronic Funds Source offers a comprehensive portfolio of products and services, including Fleet One EDGE Card, EFS Fleet Card, and EFS Fleet Mastercard.

Primary

Offers discounts on fuel and maintenance for growing fleets.

Provides security and control tools for mid to large enterprise fleets.

Enables fuel and non-fuel purchases with enhanced acceptance.

Funding Insights of Electronic Funds Source

  • Total Funding
  • Total Rounds 2
  • Last Round
  • First Round
  • Investors Count 1
Date Amount Transaction Name Valuation Lead Investors Investors
Oct, 2014 Amount Private Equity Round - Electronic Funds Source Valuation

investors
Ardian
Jul, 2014 Amount Private Equity Round - Electronic Funds Source Valuation

investors
Ardian

Investors in Electronic Funds Source

Electronic Funds Source has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Wright Express, Warburg Pincus and Ardian.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Ardian
Private investment firm specializing in markets and partnerships.
Founded Year Domain Location
Warburg Pincus
Multi-stage private equity investments are pursued across diverse sectors.
Founded Year Domain Location
Wright Express
Employee benefit administration and payment solutions are provided for enterprises.
Founded Year Domain Location

Investments & Acquisitions by Electronic Funds Source

Investments

Financial Statements - Electronic Funds Source

Electronic Funds Source Comparisons

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Competitors of Electronic Funds Source

Electronic Funds Source operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ramp, Brex, Navan, Wright Express and Sodexo, among others.

Company Name Domain Founded year HQ Location Description
Ramp
domain founded_year HQ Location
Spend management and accounts payable solutions are delivered to businesses.
Brex
domain founded_year HQ Location
SaaS-driven credit card and spend management solutions platform for businesses
Navan
domain founded_year HQ Location
Corporate travel and expense management are facilitated through SaaS platform.
Wright Express
domain founded_year HQ Location
Employee benefit administration and payment solutions are provided for enterprises.
Sodexo
domain founded_year HQ Location
Employee benefits payment cards are provided via an online platform.
Concur
domain founded_year HQ Location
Corporate travel expenses and invoices are managed via SaaS platform.

Latest news on Electronic Funds Source

WEX Cards Now Accepted by RoadSync
Worktruckonline • 5 years ago

Frequently Asked Questions about Electronic Funds Source

Electronic Funds Source was founded in 1996 and raised its 1st funding round 18 years after it was founded.

Electronic Funds Source is headquartered in Ogden, United States. It is registered at Ogden, Utah, United States.

Scott R Phillips is the current CEO of Electronic Funds Source.

Electronic Funds Source was founded in 1996 in Ogden, United States, within the financial services sector. Corporate expense cards, management platforms, and virtual recurring payment solutions are offered to businesses. Fleet operations are supported through tools like the EFS app, which enables drivers and managers to monitor and control spending, alongside money transfer services for efficient expense handling.

Electronic Funds Source's top competitors include Navan, Ramp and Brex.

Electronic Funds Source offers Fleet One EDGE Card, EFS Fleet Card, and EFS Fleet Mastercard.

Electronic Funds Source has 3 investors. Key investors include Wright Express, Warburg Pincus, and Ardian.

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