When was PEX Card founded?

PEX Card was founded in 2006 and raised its 1st funding round 1 year after it was founded.

Where is PEX Card located?

PEX Card is headquartered in New York City, United States. It is registered at 1375 BROADWAY,STE 1100,NEW YORK,NY,10018.

Who is the current CEO of PEX Card?

Toffer Grant of PEX Card. They have also founded 1 company.

How many employees does PEX Card have?

As of Apr 30, 2026, the latest employee count at PEX Card is 78.

Is PEX Card a funded company?

PEX Card is a funded company, having raised a total of $19.1M across 7 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Feb 2007.

When was the latest funding round of PEX Card?

PEX Card's latest funding was a $***** Series D round on Feb 18, 2026, with participation from 0 investor.

Where does PEX Card rank among its competitors?

PEX Card ranks 27th amongst 158 active competitors, of which 31 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Jeeves, which secured $100M in Dec, 2025.

Who are the top competitors of PEX Card?

PEX Card's top competitors include Brex, Ramp and Navan. Among them, PEX Card secured the most recent funding round in February, 2026.

PEX Card - 2026 Company Profile, Team, Funding & Competitors

Company Details

SaaS-based corporate card solutions for businesses. It enables businesses to manage corporate cards for providing employee benefits solutions like spend and expense management, grants, rewards disbursement, and more. It provides solutions for virtual vendor cards, employee incentives, reimbursement, and more. Its app is available for Android and iOS users.

Website: pexcard.com
Social
Email ID: *****@pexcard.com
Phone Number: +1 **********
Registered Address: 1375 BROADWAY,STE 1100,NEW YORK,NY,10018

Key Metrics

Founded Year

2006

Location

New York City, United States

Stage

Series D

Total Funding

$19.1M in 7 rounds

Latest Funding Round

Series D, Feb 18, 2026, $*****

Investors

Alpine Meridian & 4 more

Ranked

27^th among 158 active competitors

Employee Count

78 as on Apr 30, 2026

Similar Companies

Brex & 711 more

View PEX Card's full profile

PEX Card is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
PREPAID EXPENSE CARD SOLUTIONS, INC. CIN: 3453105 , United States, Active	Dec 22, 2006	-	-	-
PREPAID EXPENSE CARD SOLUTIONS INC CIN: 32089919719 , United States, Active		$1M - $5M (As on May 31, 2012)	-	-
PEX CIN: 40103521147 , Latvia, Active	Mar 08, 2012	$497 (As on Dec 31, 2023)	1 (As on Dec 31, 2023)	-

PEX Card has raised a total funding of $19.1M over 7 rounds. Its first funding round was on Feb 2007. PEX Card has 5 institutional investors.

Here is the list of recent funding rounds of PEX Card:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 18, 2026	3356147	Series D	6980452	6552955	6730271	4584347
May 28, 2024	7037046	Conventional Debt	6478163	8747542	4180255	8373533
May 28, 2024	8441188	Series C	1652174	6915316	2884925	3160613

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View details of PEX Card's funding rounds and investors

The founders of PEX Card is Toffer Grant. Toffer Grant is the CEO of PEX Card.

Here are the details of PEX Card's key team members:

Toffer Grant: CEO / Founder of PEX Card.

View details of PEX Card's Founder profiles and Board Members

PEX Card's employee count trend

PEX Card has 78 employees as of Apr 26. Here is PEX Card's employee count trend over the years:

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Top competitors of PEX Card include Brex, Ramp and Navan. Here is the list of Top 10 competitors of PEX Card, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Brex 2017, Draper (United States), Acquired	Provider of financial software platform, cards, banking, expense, and accounting	$1.2B	Greenoaks, DST Global & 63 others	85/100
2nd	Ramp 2019, New York City (United States), Series E	Provider of a platform for spend management, corporate cards, and payables	$2.44B	Founders Fund, Coatue & 62 others	84/100
3rd	Navan 2015, Palo Alto (United States), Public	Provider of a platform for business travel and expense management	$1.58B	Andreessen Horowitz, Greenoaks & 22 others	80/100
4th	Concur 1988, Bellevue (United States), Acquired	Provider of travel, expense, and invoice management solutions for businesses	-	IVP, Redpoint Ventures & 7 others	75/100
5th	Wright Express 1983, Portland (United States), Public	Provider of fleet management, employee benefits, and business payment solutions	-	Warburg Pincus, NewStar Financial & 4 others	75/100
6th	Emburse 2002, San Francisco (United States), Acquired	Provider of travel, expense, payment, invoice, and automation management solutions	$7.5M	FCVC, Bessemer Venture Partners & 27 others	72/100
7th	Jeeves 2019, New York City (United States), Series C	Digital company offering payment and corporate financial cards	$380M	CRV, GIC & 71 others	72/100
8th	Payhawk 2018, Sofia (Bulgaria), Series B	Provider of spend management platform with AI-powered automation and control	$239M	QED Investors, Greenoaks & 21 others	70/100
9th	MileIQ 2012, San Francisco (United States), Acquired	Mileage tracking software for small business owners and self-employed individuals	$15.1M	Trinity Ventures, Investor & 7 others	69/100
10th	Extend 2017, New York City (United States), Series B	Provider of virtual credit cards and spend management platform for businesses	$88.8M	Point72 Ventures, March Capital & 13 others	69/100
27th	PEX Card 2006, New York City (United States), Series D	SaaS-based corporate card solutions for businesses	$19.1M	Alpine Meridian, Inovia Capital & 3 others	54/100