WEX Inc., was incorporated in Delaware in August 1985. Wex Inc., is a leading provider of corporate credit card payment solutions. Since the company became a pioneer in fleet payment cards in 1983, WEX Inc., has expanded its business scale to become a multi-channel provider of corporate credit card payment solutions. WEX Inc., which went public on February 16, 2005, currently has two businesses: fleet payment solutions and other payment solutions. The company's business model enables it to provide additional payment security and control a wide range of payment departments. The fleet payment solution provides customers with fleet vehicle payment process services designed specifically for commercial and government fleets. WEX Inc. Provides products and services to meet business needs in locations including South and North America, Asia Pacific and Europe. The company's fleet payment solutions and other payment solutions provide customers with the security and controllability of complex payment activities across a wide range of commercial sectors. The company sells products and services directly and also through strategic partners (including major oil companies, fuel retailers and vehicle maintenance providers). In October 2012, Rite Express changed its name to WEX Co., Ltd., a wholly-owned subsidiary, Rite Express Financial Services Co., Ltd. changed its name to WEX Bank.
