Toffer Grant

Founder of #NYC based payments company @PEXCard, @Visa #corporate card solution favored by #smallbusiness the #middlemarket and #entrepreneurs

[Toffer Grant @toffergrant]

@thehoffather Worth noting too that she's there working with @WCKitchen - a terrific organization.

[Toffer Grant @toffergrant]

PEX charge card launched in 2024 and is growing at sustained triple digit percentage rate since.

The money goes to 3 places: scaling charge card program, building AI that takes the manual grind off finance teams and growing the team to support even more businesses.

Go PEX!

[Toffer Grant @toffergrant]

@pexcard Announcing $160M in debt and equity financing.

https://t.co/rFxkIWo5PX

[Toffer Grant @toffergrant]

Banks have 97% of US commercial card market.
CapOne paid $5.15B for Brex and Amex bought Center and Hyper.
But headline deals focus on middle market - the next chapter gets written in the 800K businesses changing hands as the Silver Tsunami unfolds.

https://t.co/R8rNvra9pk

[Toffer Grant @toffergrant]

Curious who else is paying attention to this — bankers, brokers, state EDCs. Indiana won't be the last. Link to the press release:

https://t.co/MYttRe31xR

[Toffer Grant @toffergrant]

In March Indiana changed how it defines entrepreneurship. New message: don't start a business. Buy one that already exists. First state-level ETA program in the country (Entrepreneurship Through Acquisition). #silvertsunami

[Toffer Grant @toffergrant]

At PEX we work with thousands of field service and construction companies. The ones being acquired right now. New owner walks in Day 1 with no idea where money is going. That's the real transition problem.

[Toffer Grant @toffergrant]

Most CFOs are locked into ERP systems and close cycles that haven't changed in a decade. Ours ran an experiment to climb out of that routine. Here's what he built - and why it matters for every finance team.

https://t.co/NUt4GZ8LF9

[Toffer Grant @toffergrant]

11,000+ baby boomers turn 65 every day.

Most own a business. Most have no succession plan.
The largest ownership transfer in American history is underway.

The companies serving these businesses are about to meet a customer they've never seen before.

https://t.co/a16LnMUoCY

[Toffer Grant @toffergrant]

@Jason Frenemies… already? Too soon?

[Toffer Grant @toffergrant]

Reminder to myself and anyone building or selling a product: get in front of your customers. Getting out from behind the desk has a way of changing everything — and honestly, it never gets old.

[Toffer Grant @toffergrant]

The best thing I can do for my team @pexcard is get out of the office and sit with customers. Not a demo. Not a QBR. Just watching how they actually work.

[Toffer Grant @toffergrant]

When you see that firsthand, your entire frame shifts. It's not expense management. It's time returned to the mission.

[Toffer Grant @toffergrant]

Earthquake in Ketchum, ID, virus in NYC. What else is in store? Q1 over tonight. No more bad news please!

[Toffer Grant @toffergrant]

@T_Rausa Felt it in Ketchum too!

[Tyler Rausa @T_Rausa]

Now an Earthquake in Idaho? That’s it, 2020 has gotta go.

[PYMNTS @pymnts]

What’s wrong with business travel expense management. @PEXCard CEO @toffergrant explains: https://t.co/ituoK6LOvt

[PYMNTS @pymnts]

Learn how the spend management world is undergoing a major shift: https://t.co/luPNrwJQNh @PEXCard @toffergrant