PEX Raises $160 Million to Expand Spend Management Platform

Corporate card/spend management platform PEX has raised $160 million in new funding. The debt and equity financing will help support product innovation and allow PEX to expand its charge card offering, increase transaction capacity, and widen access to its platform, the company said in a Tuesday (July 28) news release . “We believe the future of business finance is integrated, intelligent and accessible to companies of every size,” PEX Founder and CEO Toffer Grant said in the release.