NEW YORK, Sept. 28, 2016 /PRNewswire/ -- PEX, the leading platform provider of next generation corporate card and expense management solutions for business, today announced a strategic partnership with eCapital, custom-tailored funding programs for small to medium-sized businesses. The joint partnership is designed to bring a more efficient marketing approach to the combined PEX and eCapital customer base, which consists of small to medium-sized businesses.
"PEX is focused on creating solutions to help businesses to enable employee spending while still maintaining unprecedented levels of control. Our partnership with eCapital enables us to expand those services to a customer base that aligns perfectly with our offering," said Toffer Grant, CEO of PEX. "We are thrilled to partner with such a likeminded organization who is committed to providing small and medium-sized businesses with the funds they require to see through their daily business needs."
As part of the agreement, eCapital will begin marketing PEX's solutions to its existing customer base in an effort to provide clients with the latest expense management tools, allowing for greater control and oversight of resources wherever customers are, day or night. Conversely, PEX will be referring its customers who are in need of additional cash flow to eCapital. Through aligned client verticals between both organizations who experience common business issues, the partnership will bring financing and money management to the businesses who need it the most. Specific target markets that will benefit from this partnership include companies in the transportation space, as well as construction, contracting, and growth stage companies.
"The partnership with PEX enables eCapital to offer additional benefits to all of our clients," said Tracy Groves, VP of Marketing. There's a great synergy between our companies because we share a vision to help small businesses grow through more efficient cash flow. We're excited to provide PEX clients with fast and flexible financing programs and at the same time, give our clients a better way to manage and track employee expenses using modern technology."
PEX, a New York-based FinTech company founded in 2006, is the leader in next generation expense management solutions disrupting outdated and inefficient ways companies enable employee spending. The PEX Platform allows businesses to more simply and safely enable employees to spend while maintaining control in ways they never could have before. We combine the ability to establish budgeting controls, via the PEX Admin software interface (desktop and mobile), with the ability for employees to spend via the feature rich PEX Visa® Prepaid Card. PEX APIs are being used by Enterprise clients to enable high transaction volumes for thousands of employees. Our efforts are driving a shift in the way companies manage employee spending and we are rapidly replacing traditional Corporate Cards and reimbursement-based expense approaches. Today, PEX services thousands of businesses nationwide across a variety of industries. For more information, visit www.pexcard.com.
The PEX Visa Prepaid Card is issued by The Bancorp Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted. The Bancorp Bank: Member FDIC.
eCapital is a leading nationwide provider of cash flow though accounts receivable factoring and working capital advances, combining decades of industry-specific expertise into one streamlined, technology-based operation. With 23+ years in business, eCapital has provided over $4 billion in funding to more than 9,000 small businesses across America. For more information about eCapital and its factoring or working capital financing programs, contact [email protected], call 800.705.1500 or visit eCapital.com.
Ned Elton, PEX
212-851-6147, [email protected]