WEX - Wex - Stock Price & Dividends

WEX Inc. is a leading commerce platform that operates globally, providing a range of payment and business solutions to various industries. The company's Mobility segment is a one-stop-shop for fleet vehicle payment solutions, offering transaction processing, information management, and account maintenance services to businesses and government agencies with commercial vehicle fleets.

Through its Mobility segment, WEX Inc. provides a suite of services, including account activation and retention, authorization and billing inquiries, credit and collections, merchant services, analytics solutions, and ancillary services. The company markets its products directly and indirectly to its customers, leveraging co-branded and private label relationships to expand its reach.

The Corporate Payments segment of WEX Inc. focuses on providing innovative payment solutions, including embedded payments and accounts payable automation, to customers in various industries such as travel, fintech, insurance, consumer bill pay, and media. The company's payment solutions are designed to simplify and streamline payment processes, making it easier for businesses to manage their finances.

The Benefits Solutions segment of WEX Inc. offers a software-as-a-service (SaaS) platform that enables consumer-directed healthcare benefits and provides full-service benefit enrollment solutions. The platform includes embedded payment solutions, plan administration services, and COBRA account management, making it a comprehensive solution for health benefits management. Additionally, WEX Inc. offers custodial and depository services for health savings accounts, and markets its products through third-party administrators, financial institutions, payroll providers, and health plans.

With a rich history dating back to 1983, WEX Inc. has evolved significantly over the years, changing its name from Wright Express Corporation to WEX Inc. in 2012. Today, the company is headquartered in Portland, Maine, and continues to innovate and expand its commerce platform to meet the evolving needs of its customers.