FundingUS
PEX Raises $160M in Debt and Equity for Spend Management Platform
PEX announced $160 million in debt and equity financing on Jul 28, 2026, led by Bluff Point Associates, a private equity firm based in Westport, Connecticut. The firm focuses on growth companies in financial services and technology. PEX operates a corporate card and spend management platform that has powered more than $11.7 billion in spend since inception.
The company plans to use the capital to accelerate its charge card program, funded by a credit facility from Clear Haven Capital Management. Additional investment will go toward product development, sales and partnership expansion. PEX reported sustained triple-digit growth in its charge card business ahead of the round.
Entities
Implications
- Validates continued investor appetite for B2B embedded payments and spend management platforms despite broader market caution
- Bluff Point Associates' involvement signals growing private equity interest in embedded finance infrastructure companies
Tags
Sources
Related
Share