wex
Speech parts
1. wex - Noun
2. wex - Verb
Meaning
To grow; to wax.
Waxed.
Wax.
Source: Webster's dictionarySynonyms
Examples
Fintech company Wex to acquire B2B payments services providers eNett and Optal for $1.
Including adjustments for one-time gains and losses, Wex net income decreased by $32.4 million to a net loss of $16.3 million, or 37 cents per share, compared with net income of $16.1 million, or 37 cents per share, for the first quarter of 2019.
As covered, WEX is a rebranded version of the now-defunct exchange BTC-e, which was taken down by US authorities last year over alleged money laundering charges.
WEX is acquiring eNett from Travelport and its owners, affiliates of Siris Capital Group, LLC and Elliot Management Corporation's private equity affiliate, Evergreen Coast Capital Corp. WEX is acquiring Optal from private shareholders.
Given the uncertainty over the coronavirus pandemic’s impact, Wex said it wouldn’t provide guidance on its finances for the next quarter or the rest of the year.
Plummeting fuel prices and an abrupt decline in corporate travel because of the coronavirus pandemic have prompted Wex to make significant cutbacks to its workforce.