VENDOR · US
Corporate spend platform PEX raises $160M in debt and equity to expand payments and finance automation
PEX, which provides corporate card and spend management automation, secured $160M led by Bluff Point Associates. Funding will scale payments, credit, and financial automation capabilities for mid-market enterprises.
WHY IT MATTERS
Validates enterprise demand for integrated spend+credit automation; likely to accelerate PEX product adoption among Fortune 1000 finance teams, pressuring incumbent card networks on automation depth.
Source: Finextra · 2026-07-28