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
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Sectors
Travel & HospitalityTechnology Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Wex Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Wright Express
& 2 more
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Employee Count
Employee Count
- Acquired by
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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 Funding
- Total Rounds 2
- Last Round Last Round
- First 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 |
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| Jul, 2014 | Amount | Private Equity Round - Electronic Funds Source | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private investment firm specializing in markets and partnerships.
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Founded Year | Domain | Location | |
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Multi-stage private equity investments are pursued across diverse sectors.
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Founded Year | Domain | Location | |
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Employee benefit administration and payment solutions are provided for enterprises.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Electronic Funds Source
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Electronic Funds Source
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Electronic Funds Source Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Spend management and accounts payable solutions are delivered to businesses.
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| domain | founded_year | HQ Location |
SaaS-driven credit card and spend management solutions platform for businesses
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| domain | founded_year | HQ Location |
Corporate travel and expense management are facilitated through SaaS platform.
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| domain | founded_year | HQ Location |
Employee benefit administration and payment solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Employee benefits payment cards are provided via an online platform.
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| domain | founded_year | HQ Location |
Corporate travel expenses and invoices are managed via SaaS platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Electronic Funds Source
When was Electronic Funds Source founded?
Electronic Funds Source was founded in 1996 and raised its 1st funding round 18 years after it was founded.
Where is Electronic Funds Source located?
Electronic Funds Source is headquartered in Ogden, United States. It is registered at Ogden, Utah, United States.
Who is the current CEO of Electronic Funds Source?
Scott R Phillips is the current CEO of Electronic Funds Source.
What does Electronic Funds Source do?
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.
Who are the top competitors of Electronic Funds Source?
What products or services does Electronic Funds Source offer?
Electronic Funds Source offers Fleet One EDGE Card, EFS Fleet Card, and EFS Fleet Mastercard.
Who are Electronic Funds Source's investors?
Electronic Funds Source has 3 investors. Key investors include Wright Express, Warburg Pincus, and Ardian.
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