WEX Bank
in the United States 🇺🇸
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About WEX Bank in the United States
WEX Bank is a specialized industrial loan company (ILC) headquartered in Sandy, Utah, focused on providing payment processing services and credit solutions for fleet management and corporate payments. With approximately $8.4 billion in assets, WEX Bank operates as a wholly-owned subsidiary of WEX Inc., a publicly traded company that has been a leader in fleet and mobility solutions since 1983.
WEX Bank's business model is highly specialized, serving fleet customers including small businesses (75% of the bank's fleet customers), large commercial fleets, government fleets, and over-the-road carriers. The bank provides innovative financial products designed to simplify fleet expense management and corporate payment processes.