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
Primary Industry
Business/Productivity Software
Acquirer
WEX
Primary 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
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00000000000000000000
Seattle, WA
0 As of 0000
000000&0

000000

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00000000000000000000
Waltham, MA
000 As of 0000
00.000
000000000 00.000
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WEX Health Competitors (5)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Tailorwell Corporate Backed or Acquired Seattle, WA 0 000000&0
0000000 0000000000 Private Equity-Backed Waltham, MA 000 00.000 000000000 00.000
00000000 (00000000 Corporation Little Rock, AR 000
0000000000 Private Equity-Backed Orlando, FL 000 000.00 000000000 000.00
00000000 Venture Capital-Backed New York, NY 000 00000 00000 00000 00000
You’re viewing 5 of 5 competitors. Get the full list »

WEX Health Patents

  • 6

    Total Documents Applications and Grants

  • 000

    Total Patents Families

  • 1

    Granted

  • 000

    Pending

  • 000

    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 Active 11-Jun-2001 000000000
US-7197468-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 000000000
US-20020198831-A1 System and method for processing flexible spending account transactions Active 11-Jun-2001 000000000
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 000000000 00
US-8554575-B1 System and method for processing flexible spending account transactions Active 11-Jun-2001 G06Q20/10 00
To view WEX Health’s complete patent history, request access »

WEX Health Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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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
00000000000 13-Jul-2011 0000000000 Other Healthcare Technology Systems 000000 00
00000 0000000 28-Jul-2009 0000000000 Business/Productivity Software
SmartFlex 05-Mar-2008 Merger/Acquisition Human Capital Services 000000 00
To view WEX Health’s complete investments and acquisitions history, request access »