WEX Health Overview

  • Year Founded
  • 2000

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 298

Employees

  • Latest Deal Type
  • M&A

  • Financing Rounds
  • 7

  • Investments
  • 3

WEX Health General Information

Description

Provider of employee benefits administration services. The company provides electronic payment services to the employee benefits market. It offers Benny prepaid benefits card for health-related benefits accounts, such as flexible spending accounts, health reimbursement accounts, health savings accounts, and qualified transportation accounts.

Contact Information

Website
www.wexhealthinc.com
Formerly Known As
Evolution1, Evolution Benefits
Ownership Status
Acquired/Merged
Financing Status
Formerly PE-Backed
Corporate Office
  • 5050 Lincoln Drive
  • Suite 100
  • Minneapolis, MN 55436
  • United States
Primary Industry
Business/Productivity Software
Acquirer
WEX
Corporate Office
  • 5050 Lincoln Drive
  • Suite 100
  • Minneapolis, MN 55436
  • United States

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WEX Health Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA		 Post-Val Status Debt

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WEX Health Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Provider of employee benefits administration services. The company provides electronic payment services to the employee
Business/Productivity Software
Minneapolis, MN
298 As of 2016

Little Rock, AR
 

Waltham, MA
 
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WEX Health Competitors (5)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
DataPath (Arkansas) Corporation Little Rock, AR
Alegeus Technologies Private Equity-Backed Waltham, MA
PlanSource Private Equity-Backed Orlando, FL
Tailorwell Corporate Backed or Acquired Seattle, WA
Businessolver Private Equity-Backed West Des Moines, IA
You’re viewing 5 of 5 competitors. Get the full list »

WEX Health Patents

  • 6

    Total Documents Applications and Grants

  • Total Patents Families

  • 2

    Granted

  • Pending

  • Expiring in next 12 mo

WEX Health Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-7174302-B2 System and method for processing flexible spending account transactions Inactive 11-Jun-2001
US-20020198831-A1 System and method for processing flexible spending account transactions Active 11-Jun-2001
US-7680679-B1 Method and system for processing transactions involving accounts for reimbursing medical expenses or patient responsible balances with multiple transaction substantiation modes Inactive 11-Jun-2001
US-20140032237-A1 System and method for processing flexible spending account transactions Inactive 11-Jun-2001
US-8554575-B1 System and method for processing flexible spending account transactions Active 11-Jun-2001 G06Q20/10
To view WEX Health’s complete patent history, request access »

WEX Health Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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WEX Health Former Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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WEX Health Investments & Acquisitions (3)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Lighthouse1 13-Jul-2011 Other Healthcare Technology Systems
BEMAS Software 28-Jul-2009 Business/Productivity Software
SmartFlex 05-Mar-2008 Merger/Acquisition Human Capital Services
To view WEX Health’s complete investments and acquisitions history, request access »

WEX Health FAQs

  • When was WEX Health founded?

    WEX Health was founded in 2000.

  • Where is WEX Health headquartered?

    WEX Health is headquartered in Minneapolis, MN.

  • What is the size of WEX Health?

    WEX Health has 298 total employees.

  • What industry is WEX Health in?

    WEX Health’s primary industry is Business/Productivity Software.

  • Is WEX Health a private or public company?

    WEX Health is a Private company.

  • What is the current valuation of WEX Health?

    The current valuation of WEX Health is .

  • What is WEX Health’s current revenue?

    The current revenue for WEX Health is .

  • How much funding has WEX Health raised over time?

    WEX Health has raised $24M.

  • Who are WEX Health’s investors?

    CCP Equity Partners, Genstar Capital, InTandem Capital Partners, Pfizer Ventures, and SCALE Aviation have invested in WEX Health.

  • Who are WEX Health’s competitors?

    DataPath (Arkansas), Alegeus Technologies, PlanSource, Tailorwell, and Businessolver are competitors of WEX Health.

  • When was WEX Health acquired?

    WEX Health was acquired on 16-Jul-2014.

  • Who acquired WEX Health?

    WEX Health was acquired by WEX.

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