While businesses often flourish by borrowing money to fuel growth, this new-found pragmatism in personal finances could benefit the corporate world as well. Carefully managing cash flow and putting aside money for new equipment and other expenses can still lead to growth, albeit a bit more slowly, which can also be more manageable. And business prepaid cards offer the same ease of use that comes with a company credit card but without the toll of high interest rates. In addition, it is much less stressful to manage a business that’s in the black instead of having debt dragging it into the red.
Toffer Grant is PEX's Founder and CEO. He founded PEX in 2006 as a prepaid card solution for small businesses. His background in the prepaid industry began at Clarity Payment Solutions, where he initiated 65 prepaid card programs in consumer, corporate, and emerging verticals of the prepaid card industry.