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PEX, based in New York and founded in 2006, provides prepaid cards and expense management software for businesses.
PEX, formally Prepaid Expense Card Solutions, Inc., offers prepaid card and expense management solutions, including the PEX Visa prepaid card in physical and virtual forms. Its services include expense automation and real-time reporting, serving small to medium-sized businesses and larger corporations, mainly in the United States. Toffer Grant founded the company and is CEO as of 2026. In July 2026 it raised venture funding led by Bluff Point Associates, part of a larger USD 160 million equity and venture debt round.
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