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Show Notes

(00:02:17) - (First question) - An overview of what WEX is and what they do

(00:03:10) - A summary of the market that WEX operates in

(00:05:19) - The history of the company’s creation

(00:08:03) - The importance of signing up large gas companies rather than retail locations

(00:10:53) - Value propositions behind providing fleet cards

(00:12:13) - How the economic model works for the cards

(00:13:08) - The percentage of spend equivalent to Visa or Mastercard

(00:13:51) - The difficulty behind switching from one fleet card provider to another

(00:16:25) - The role fuel prices play in the total revenue of the business

(00:19:29) - Threats to consider on the supply end of the business

(00:21:17) - Recharging at home and the process of receiving a credit

(00:22:26) - Other businesses WEX is involved in

(00:23:47) - A comparison between all of WEX’s businesses and where they direct focus

(00:24:33) - A look into their health and employee benefits line

(00:25:59) - The overall financial profile from a revenue and margins standpoint

(00:27:03) - How big players like Amazon or Walmart play a part in potential business

(00:29:22) - The threat of Visa or Mastercard entering the same space

(00:30:27) - Total amount of revenue generated from electric vehicle fleets

(00:32:47) - Electric charging locations and the process of building these facilities

(00:34:33) - Technology invested into creating faster charging stations

(00:35:10) - An overall look at risks for the business

(00:37:14) - Other parts of WEX that stand out

(00:39:30) - Lessons learned from studying WEX