PEX provides a payments and financial automation platform that combines prepaid, charge, disburse and virtual cards with customizable spend controls, AI-powered receipt capture, and automated workflows. The platform is designed to give owners and finance leaders visibility and automation to reduce manual work and enforce policy. PEX offers solutions across payments, spend management, credit and financial automation. The company is led by CEO and Founder Toffer Grant and is headquartered in New York City. With the recent $160M debt and equity financing, PEX intends to accelerate program growth, expand product innovation, and invest in sales, partnerships and strategic initiatives.

Total raised

$163M

Funding rounds

3

Latest round

Equity

Latest activity

Jul 2026