PEX
Summary active Updated Jul 29, 2026This profile is AI-generated. If you spot an error, please help us fix it by sharing a URL to the correct information.
About
PEX is a New York-based corporate card and spend management platform that has powered more than $11.7 billion in spend since inception 12. The company announced on 2026-07-28 that it had secured $160 million in debt and equity financing led by Bluff Point Associates, a Westport, Connecticut-based private equity firm, with the charge card program funded by a credit facility provided by Clear Haven Capital Management 12. PEX plans to use the capital to accelerate growth of its charge card program, expand product innovation including AI-powered capabilities that automate routine financial tasks, and invest in sales, partnerships, and strategic growth initiatives 12.
Disclaimer: This is a lean profile built from initial round coverage and may be expanded as more information becomes available.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-07-28 | Debt + Equity | $160M | Bluff Point Associates | Clear Haven Capital Management (credit facility) 12 |
What Investors Say
No independently sourced investor commentary quoted at press time.
What Founders Say
No independently sourced founder quotes located at press time.
Sources
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The Manila Times / GlobeNewswire, “PEX Secures $160 Million to Scale Payments, Credit and Financial Automation Platform,” July 28, 2026. Accessed July 2026. https://www.manilatimes.net/2026/07/28/tmt-newswire/globenewswire/pex-secures-160-million-to-scale-payments-credit-and-financial-automation-platform/2393148↩↩↩↩
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PYMNTS, “PEX Raises $160 Million to Expand Spend Management Platform,” July 2026. Accessed July 2026. https://www.pymnts.com/news/investment-tracker/2026/pex-raises-160-million-to-expand-spend-management-platform/↩↩↩↩