After inking a definitive agreement in January to acquire B2B optimization firm Optal and B2B travel payments company eNett, WEX Inc. said in its Q1 results on Thursday (May 7) that the pandemic, and conditions stemming from it, “have had, and continue to have, a...
FinTech payments firm WEX is closing a deal to acquire business-to-business (B2B) travel payments startup eNett and B2B optimization company Optal, WEX announced on Friday (Jan. 24). The $1.7 billion agreement includes about $1.275 billion in cash and roughly 2 million shares of WEX common...
B2B payments and accounts receivable solution provider Optal is collaborating with Lloyds Bank, the companies announced Tuesday (July 16). Lloyds Bank will connect its own commercial clients to Optal’s B2B transaction optimization solutions with a focus on helping those clients’ B2B vendors accept card payments...
B2B payments is at the center of efforts to innovate by FinTechs, banks and others, but corporates’ business-to-business payment processes remain complex, erroneous and a deterrent to growth. That’s according to new research from Optal, published earlier this month, which commissioned Davies Hickman to survey...
January 24, 2020
FinTech payments firm WEX is closing a deal to acquire business-to-business (B2B) travel payments startup eNett and B2B optimization company Optal, WEX announced on Friday (Jan. 24). The $1.7 billion agreement includes about $1.275 billion in cash and roughly 2 million shares of WEX common stock paid to the sellers. WEX is purchasing the Australian […]
October 27, 2016
TSYS announced Wednesday (Oct. 26) that it has signed a payments agreement with Optal Financial Limited, one of Europe’s leading virtual card issuers. Under the agreement, TSYS will process authorizations for...
