About Wright Express
Wright Express is a company based in Portland (United States) founded in 1983.. The company has 6,500 employees as of December 31, 2024. Wright Express has completed 12 acquisitions, including 3Delta Systems, Benaissance and Benefit Express. Wright Express offers products and services including Fuel Cards, Employee Benefits Platform, Payment Processing, and Fleet Tracking. Wright Express operates in a competitive market with competitors including Stripe, Ramp, Brex, PayPal and Flutterwave, among others.
- Headquarter Portland, United States
- Employees 6500 as on 31 Dec, 2024
- Stage Public
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Sectors
HealthcareTransportation, Automotive & Logistics Financial Services Technology
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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
$2.63 B3.15as on Dec 31, 2024
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Net Profit
$309.6 M16.13as on Dec 31, 2024
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EBITDA
$1.01 B8.97as on Dec 31, 2024
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Latest Funding Round
$400 M (USD), Post-IPO
Jun 29, 2020
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Investors
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Employee Count
6500
as on Dec 31, 2024
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Investments & Acquisitions
3Delta Systems
& 11 more
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IPO & Listings of Wright Express
Wright Express is a publicly listed company on the NYSE with ticker symbol WEX in USA, operating in the Commercial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Wright Express
Wright Express offers a comprehensive portfolio of products and services, including Fuel Cards, Employee Benefits Platform, Payment Processing, and Fleet Tracking. 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.
Cards for fuel purchases and expense tracking in fleets
Platform for managing HSAs, FSAs, and COBRA services
Tools for automating accounts payable and virtual cards
GPS and analytics for monitoring vehicle behavior
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Software Development Team
113 people
Leadership Team
55 people
Senior Team
32 people
Finance and Accounting
31 people
Sales and Marketing
28 people
Operations Team
22 people
Human Resources and Administration
22 people
Legal and Compliance
16 people
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Funding Insights of Wright Express
- Total Funding Total Funding
- Total Rounds 3
- Last Round Post-IPO — $400.0M
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First Round
First Round
(01 Jul 2016)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2020 | Amount | Post-IPO - Wright Express | Valuation |
investors |
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| Feb, 2019 | Amount | Debt – Conventional - Wright Express | Valuation |
investors |
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| Jul, 2016 | Amount | Post-IPO - Wright Express | Valuation |
investors |
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| 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 |
Investments & Acquisitions by Wright Express
Wright Express has strategically engaged in corporate development activities, having acquired 12 companies. Notable acquisitions include 3Delta Systems, Benaissance and Benefit Express. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Fuel cards for individuals and businesses
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2018 | ||||
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SaaS-based payment solutions are provided for business financial management.
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2012 | ||||
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B2B Payment processing solution
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2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Wright Express
| 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 |
Wright Express Comparisons
Competitors of Wright Express
Wright Express 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 Stripe, Ramp, Brex, PayPal and Flutterwave, 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 |
Payment processing and card issuance solutions are provided for businesses.
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| 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 |
Online payment solutions are offered to consumers and businesses.
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| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
Cloud-based HRMS solutions are offered for enterprise HR management.
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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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Latest news on Wright Express
Frequently Asked Questions about Wright Express
When was Wright Express founded?
Wright Express was founded in 1983 and raised its 1st funding round 33 years after it was founded.
Where is Wright Express located?
Wright Express is headquartered in Portland, United States. It is registered at Portland, Oregon, United States.
Who is the current CEO of Wright Express?
Melissa D Smith is the current CEO of Wright Express.
How many employees does Wright Express have?
As of Dec 31, 2024, the latest employee count at Wright Express is 6,500.
What is the annual revenue of Wright Express?
Annual revenue of Wright Express is $2.63B as on Dec 31, 2024.
What does Wright Express do?
Founded in 1983 and based in Portland, United States, Wright Express operates in the financial services sector, focusing on corporate payments and expense management. SaaS-driven solutions are offered for fleet cards, travel processes, and employee benefits including HSA and FSA accounts. Virtual payments and supplier enablement services are provided across sectors such as health care and multi-channel corporate payments for multiple cardholders.
Who are the top competitors of Wright Express?
What products or services does Wright Express offer?
Wright Express offers Fuel Cards, Employee Benefits Platform, Payment Processing, and Fleet Tracking.
Is Wright Express publicly traded?
Yes, Wright Express is publicly traded on NYSE under the ticker symbol WEX.
How many acquisitions has Wright Express made?
Wright Express has made 12 acquisitions, including 3Delta Systems, Benaissance, and Benefit Express.
What is Wright Express's ticker symbol?
The ticker symbol of Wright Express is WEX on NYSE.
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