“PEX is focused on creating solutions to help businesses to enable employee spending while still managing unprecedented levels of control,” PEX CEO Toffer Grant said. “Our partnership with eCapital enables us to expand these services to a customer base that aligns perfectly with our offering.”
According to the agreement eCapital will market PEX expense management products to its base while PEX will refer customers seeking financing to eCapital. Transportation, construction, contracting and growth stage companies are expected to benefit the most, the companies said in a release.
“There’s a great synergy between our companies because we share a vision to help small businesses grow through more efficient cash flow,” eCapital vice president of marketing Tracy Groves said. “We’re excited to provide PEX clients with fast and flexible financing programs and at the same time, give our clients a better way to manage and track employee expenses using modern technology.”