About PEX Card
PEX Card is a company based in New York (United States) founded in 2006.. PEX Card has raised $19.11 million across 7 funding rounds from investors including Inovia Capital, Bluff Point Associates and Augury Capital Partners. PEX Card offers products and services including Virtual Cards, Receipt Management, and Spend Controls. PEX Card operates in a competitive market with competitors including Ramp, Brex, Navan, Wright Express and Sodexo, among others.
- Headquarter New York, United States
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Sectors
Travel & HospitalityTechnology Financial Services
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Prepaid Expense Card Solutions, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$19.11 M (USD)
in 7 rounds
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Latest Funding Round
$9.69 M (USD), Series D
Feb 18, 2026
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Investors
Inovia Capital
& 2 more
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Employee Count
Employee Count
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Products & Services of PEX Card
PEX Card offers a comprehensive portfolio of products and services, including Virtual Cards, Receipt Management, and Spend Controls. 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.
Tools for issuing and managing virtual cards with spend limits.
System for capturing and matching receipts using AI technology.
Features to set limits and automate expense approvals.
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Funding Insights of PEX Card
PEX Card has successfully raised a total of $19.11M across 7 strategic funding rounds. The most recent funding activity was a Series D round of $9.69 million completed in February 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series D — $9.7M
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First Round
First Round
(01 Feb 2007)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2026 | Amount | Series D - PEX Card | Valuation |
investors |
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| May, 2024 | Amount | Series C - PEX Card | Valuation |
investors |
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| May, 2024 | Amount | Debt – Conventional - PEX Card | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 PEX Card
PEX Card has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Inovia Capital, Bluff Point Associates and Augury Capital Partners. 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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Investments are made in early-stage technology companies by Inovia Capital.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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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 PEX Card
| 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 - PEX Card
| 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 |
Pex Card Comparisons
Competitors of PEX Card
PEX Card 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 |
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| 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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Latest news on Pex Card
Frequently Asked Questions about PEX Card
When was PEX Card founded?
PEX Card was founded in 2006 and raised its 1st funding round 1 year after it was founded.
Where is PEX Card located?
PEX Card is headquartered in New York, United States. It is registered at New York, New York, United States.
Is PEX Card a funded company?
PEX Card is a funded company, having raised a total of $19.11M across 7 funding rounds to date. The company's 1st funding round was a Series C of $5M, raised on Feb 01, 2007.
What does PEX Card do?
PEX Card was founded in 2006 in New York, United States, within the fintech sector. Corporate card solutions are delivered through a SaaS platform, enabling spend and expense management, virtual vendor cards, employee incentives, reimbursements, and rewards disbursement for businesses. Operations focus on employee benefits and financial controls. A mobile app is supported on Android and iOS devices.
What products or services does PEX Card offer?
PEX Card offers Virtual Cards, Receipt Management, and Spend Controls.
Who are PEX Card's investors?
PEX Card has 3 investors. Key investors include Inovia Capital, Bluff Point Associates, and Augury Capital Partners.