Spend nimbly,
Spend wisely.

PEX is for any organization that needs to move quickly, yet maintain tight spending controls and accurate, up-to-the-millisecond records.

  • 10
    Years in Business
  • 10,000+
    Organizations Served
  • 10,000,000+
    Cards Issued

Designed to Help Turn Workforce Spending into a Competitive Advantage

Workforce spending isn’t just a cost of doing business. It’s goods, supplies, services — virtually every critical element of your organization’s success. But existing tools to manage spending can be outdated, time consuming and expensive.

PEX was founded to build a more advanced, efficient spending solution for everyone. The platform is purpose-built to help you proactively manage workforce spending, streamline operations and leverage actionable, real-time activity data to your advantage.

Thousands of organizations of all sizes now rely on PEX, including some of the most innovative businesses around. And we’re still innovating, still developing new ways to enhance efficiency and drive success.

Leading technology that manages and tracks spending

Streamlines operations for unparalleled efficiency

Flexible controls turn costs into a competitive edge

Delivers dynamic, actionable real-time data

PEX combines a platform that enforces spending rules and streamlines reporting with the flexibility of business prepaid cards.

See How It Works

Who We Are

Like many great ideas, PEX started with a simple insight and a whiff of the future.  Back in 2006, PEX founder Toffer Grant was working in the payment space and continually ran into businesses for whom existing solutions to enable employee spending were not a great fit. They used outdated technology, lacked accountability, required credit checks, took time and generally left the company and the workforce frustrated. 

So in 2006, Toffer set out to solve that problem and created PEX - purpose built to meet the needs of those frustrated businesses. He was soon joined by Pam Matheson and together they took from the latest in payment technology, invented a few new things and launched PEX. 

Since then PEX has been on a steady march to build and evolve a solution that helps improve the way organizations operate. To make them more efficient, more nimble, more competitive. 

From those early, eager days, PEX has evolved into a robust, secure SaaS solution with a deep suite of workforce spend management capabilities, advanced card controls, real-time visibility into card usage, and improved reconciliation processes. More importantly we are providing a better, more effective solution for thousands of companies and hundreds of thousands of people in the workforce.

And there’s more innovation to come. Today the expanded PEX team of dedicated innovators and disruptors continue to evolve PEX and find new ways we can help our community of clients operate more efficiently. 

  • Toffer Grant
    Chief Executive Officer & Founder
    Toffer’s career in the prepaid card industry began in 2000 at Clarity Payment Solutions, a leading venture-backed platform company servicing the budding prepaid industry. Over six years, he initiated 65 prepaid card programs in consumer, corporate, and emerging verticals of the prepaid card industry. Clarity’s lifecycle exposed Toffer to life in a tech startup through to life in a large public company after acquisition by TSYS in 2004. In 2006, Toffer founded PEX as a prepaid card solution for small and mid-sized businesses. A New York City native, Toffer’s exposure to SMBs came early in life through the family business. Dinner conversation often centered on issues impacting SMBs, corporate finance for small companies.
  • Pamela Matheson
    Chief Product Officer
    Pam joined PEX at its inception in 2007. As employee #1, she worked to define the product, implement the processing system, create key partner integrations, and establish our customer service methodology. A veteran of the prepaid card industry, Pam joined Clarity Payment Solutions in 2002 and served in several roles in product/program development and account management there as well as in its successor company - TSYS Prepaid. Prior to her move to New York City, Pam lived in California working for several technology startups in Silicon Valley.
  • Paul Hirschorn
    Chief Technology Officer
    Paul joined PEX in 2013 and has since built up the platform to meet scaling demands, all while achieving and maintaining PCI compliance. He is now responsible for overseeing the technical direction and operational aspects of the technology team. Paul is a sixteen year veteran of the IT industry, having served clients in the financial, legal, healthcare, e-commerce, and nonprofit sectors. He has a rich background in infrastructure, networking, compliance, and his knowledge spans multiple OS platforms. As president of the IT consulting business he founded in 1999, he provided telecommunications and web-hosting services to the New York metro area during the infancy of the internet.

Find a Solution

From small teams to large, distributed workforces, PEX helps keep workforce spending aligned with your goals.


See How PEX Works

Every business is different. Let us show you how you can use PEX to improve your staff and stakeholder experience.

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Our top-tier customer service reps are available to answer your questions any time of the day or night.

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Send us a short message with your needs and we’ll get back to you in 1-2 business days.

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