PEX, a leading corporate card and spend management platform, announced it has secured $160 million in debt and equity financing led by Bluff Point Associates, a Westport, Connecticut-based private equity firm focused on growth companies in financial services and technology.

The financing follows sustained triple-digit growth in PEX's charge card business and continued expansion of its broader platform, powering more than $11.7 billion in spend since inception. PEX will use the capital to accelerate growth of its charge card program funded by a credit facility provided by Clear Haven Capital Management, and spend management platform, expand product innovation, and invest in sales, partnerships and strategic growth initiatives.