PEX Card Garners $3,200,000 Series B Funding Round

  • Feed Type
  • Date
    10/23/2012
  • Company Name
    PEX Card
  • Mailing Address
    1375 Broadway 11th Floor New York, NY 10018
  • Company Description
    PEX Card, a business prepaid card company launched specifically to help companies streamline employee expense management, is the prepaid card industry’s first turnkey commercial card program. Customers self service using online tools for budgeting and controlling pre-funded deposits that employees use for day to day spending. The PEX Card Service provides visibility into cash flow while simultaneously maximizing control and managing risk.
  • Website
    http://www.pexcard.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $3,200,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    Proceeds purposes were not disclosed.
  • M&A Terms
  • Venture Investor
    iNovia Capital
  • Venture Investor
    Bluff Point Associates
  • Venture Investor
    Augury Capital
  • Venture Investor
    Undisclosed