WEX completed the acquisition of Discovery Benefits for $425m.

WEX, a financial technology service provider, completed the acquisition of Discovery Benefits, a high-growth employee benefits administrator to more than 1m consumers across all 50 states. “This combination strengthens our overall value proposition through new partnerships, integrated products, and the opportunity to offer a more comprehensive set of solutions. We are excited to extend our reach into the rapidly-growing employee benefits market and look forward to building on our track record of success in the healthcare space.” Melissa Smith, WEX CEO.