After inking a definitive agreement in January to acquire B2B optimization firm Optal and B2B travel payments company eNett, WEX Inc. said in its Q1 results on Thursday (May 7) that the pandemic, and conditions stemming from it, “have had, and continue to have, a...
FinTech payments firm WEX is closing a deal to acquire business-to-business (B2B) travel payments startup eNett and B2B optimization company Optal, WEX announced on Friday (Jan. 24). The $1.7 billion agreement includes about $1.275 billion in cash and roughly 2 million shares of WEX common...
Cross-border payments can be rough seas for any company. Data suggests SMEs in particular are struggling to grow internationally because they fear the consequences of a lack of expertise and knowledge in going global, but corporates of any size expose themselves to new risk when...
Cross-border B2B payments company eNett International is expanding its reach by adding support for more currencies. The company said Thursday (March 30) that it will add the Mexican peso, Russian ruble and Turkish Lira to its currency suite in support of cross-border B2B payments for...
January 24, 2020
FinTech payments firm WEX is closing a deal to acquire business-to-business (B2B) travel payments startup eNett and B2B optimization company Optal, WEX announced on Friday (Jan. 24). The $1.7 billion agreement includes about $1.275 billion in cash and roughly 2 million shares of WEX common stock paid to the sellers. WEX is purchasing the Australian […]
