WEX Extends Partnership with Circle K to Drive Innovation in Fleet Management, Customer Experience
20 März 2025 - 1:00PM
Business Wire
Multi-year contract renewal solidifies
collaboration across multiple business lines
WEX (NYSE: WEX), the global commerce platform
that simplifies the business of running a business, announced a
multi-year extension of its relationship with global convenience
retailer Circle K. Building on over 15 years of collaboration, this
agreement aims to propel the growth of its existing business fuel
card programs and to develop software customized for evolving fleet
needs and customer onboarding.
Additionally, Circle K is now an accepting merchant of 10-4 by
WEX, a free mobile app that provides independent truckers and small
trucking companies in the U.S. with fuel discounts typically
reserved for larger trucking enterprises. Circle K operates over
6,800 company-owned sites across the US. The 10-4 app is accepted
at over 60% of the more than 475 of these locations that offer
high-flow diesel and a quick, convenient fuel, food, and drink
experience for truck drivers. Drivers can also join the Inner
Circle loyalty program to receive in-store incentives when fueling
up at Circle K.
“We are always looking for ways to make life a little easier for
our customers, both at our pumps and on their wallets,” said Aaron
Brooks, Circle K SVP Real Estate and Fuel Customer. “Now, by
expanding the range of customers who can access discounts and more
tech-forward options, we’re building on that payments foundation to
double-down on our collective commitment to innovation and customer
satisfaction.”
This extension solidifies the collaboration between the two
companies across multiple WEX business lines: North America
Mobility (NAM), Over-the-Road (OTR), and Professional Services.
“This renewed agreement is a testament to the strong
relationship we have built with Circle K over the years and our
shared commitment to delivering exceptional customer experiences,”
said Brian Fournier, Americas SVP & GM, Fleet at WEX.
“Deepening our technological integrations and broadening our
combined efforts to expand access to discounts will provide fleet
customers with greater convenience and flexibility when managing
their fuel expenses.”
Nationwide Fuel Discounts Launched in October 2024, 10-4
by WEX is a free app offering nationwide diesel discounts at a
large and growing discount network of U.S.-based truck stops.
Designed to provide independent owner-operators with instant
savings on diesel, there are no credit checks, no applications, and
no need for a physical card at the pump.
Circle K is also a participating merchant in WEX EDGE, a premier
high-flow diesel fuel discount network with over 4,000 locations
nationwide, where customers can save thousands of dollars annually.
This comprehensive discount network provides fueling solutions
coast-to-coast and in all major markets to fit the needs of
over-the-road customers.
“On average, independent truckers spend approximately $50,000 on
fuel every year—almost a third of their total expenses, and that’s
even before anything is left over for themselves—which is why every
cent matters,” said Tim Hampton, WEX senior vice president and
general manager of Over-the-Road. “With these discount programs, we
aim to support these important pillars of America’s economy by
putting money back in their pocket with every gallon purchased –
and keeping it simple so they can get back on the road
quickly.”
WEX is a leader in B2B financial technology, with approximately
$231 billion in total volume processed in 2024 alone. In the
mobility space, more than 600,000 commercial fleet customers across
the world rely on WEX technology, representing approximately 19.8
million commercial vehicles serviced globally as of 2024.
About WEX WEX (NYSE: WEX) is the global commerce platform
that simplifies the business of running a business. WEX has created
a powerful ecosystem that offers seamlessly embedded, personalized
solutions for its customers around the world. Through its rich data
and specialized expertise in simplifying benefits, reimagining
mobility, and paying and getting paid, WEX aims to make it easy for
companies to overcome complexity and reach their full potential.
For more information, please visit www.wexinc.com.
Forward-Looking Statements This press release contains
forward-looking statements including, but not limited to,
statements regarding the expected benefits resulting from the
Company’s partnership with Circle K. Any statements in this press
release that are not statements of historical facts are
forward-looking statements. When used in this press release, the
words “anticipate,” “believe,” “continue,” “could,” “estimate,”
“expect,” “intend,” “may,” “plan,” “project,” “will,” “positions,”
“confidence,” and similar expressions are intended to identify
forward-looking statements, although not all forward-looking
statements contain such words. Forward-looking statements relate to
our future plans, objectives, expectations, and intentions and are
not historical facts and accordingly involve known and unknown
risks and uncertainties and other factors that may cause the actual
results or performance to be materially different from future
results or performance expressed or implied by these
forward-looking statements, including the ability of the Company
and customers to realize the expected benefits of the Company’s
partnership with Circle K; as well as other risks and uncertainties
identified in Item 1A of our Annual Report on Form 10-K for the
year ended December 31, 2024, filed with the Securities and
Exchange Commission on February 20, 2025 and subsequent filings
with the Securities and Exchange Commission. The forward-looking
statements speak only as of the date of this press release and
undue reliance should not be placed on these statements. The
Company disclaims any obligation to update any forward-looking
statements as a result of new information, future events, or
otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20250320668003/en/
Media: WEX Megan Zaroda, 610-379-6211 Megan.Zaroda@wexinc.com
Investors: WEX Steve Elder, 207-523-7769 Steve.Elder@wexinc.com
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