eNett
- Company typePrivate
- Founded2011
- HeadquartersSingapore, Singapore
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What eNett does
eNett is a B2B fintech subsidiary of WEX Inc. (NYSE: WEX) that provides virtual card payment infrastructure for the global travel industry. Founded in 2011 and headquartered in Singapore as eNett International (Singapore) Pte. Ltd., the company serves online travel agencies (OTAs), travel intermediaries, and travel technology platforms, with stated reach across 10 of the top 10 global OTAs and operational presence in 25+ countries spanning Europe, Asia-Pacific, Americas, Middle East, and Africa.
The company's core product is the Virtual Account Number (VAN), an automatically generated 16-digit Mastercard number with embedded payment parameters (amount, currency, date, merchant) that automates reconciliation, reduces fraud and counterparty risk, and enables local currency funding and settlement. eNett monetizes through three primary streams: transaction processing fees on VAN/VCN volume, FX spread on multi-currency settlement, and merchant-of-record rebates on virtual card transaction volume. The product stack extends beyond the core VAN to include the EnCompass customizable payments platform, the iSimplifyPayments web portal, and a dedicated FX protection suite. Distribution combines direct enterprise field sales targeting OTAs and travel intermediaries with an API-first model, supported by a public developer portal at developer.wexinc.com.
Go-to-market is enterprise-led with quote-based, transaction-priced contracts; contact forms capture company revenue and B2B payment volume, indicating high-touch sales on large deals. Headcount is reported at 251-500, supported by a leadership team headed by founder Anthony Hynes (Managing Director and CEO) and including dedicated C-level functions across operations, product, technology, commercial/partnerships, and marketing. The core technology partnership is with Mastercard, on whose network the VANs are issued and accepted globally. eNett operates as the travel payments arm within WEX Inc.'s broader commerce platform, without independent disclosed funding, revenue, or standalone financials.
eNett firmographics
Firmographics- Name
- eNett
- Legal name
- eNett International (Singapore) Pte. Ltd.
- Website
- https://enett.com
- Company type
- Private
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
eNett industry classification
Industry- Product category
- Travel Payments / B2B Virtual Card Payments
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Card Issuing & Virtual Cards (lodge cards, single-use, tokenization) (THALAHAB)
- akta.pro secondary industries
- Payment Reconciliation, ERP/AP Integration & Data Enrichment (Level 2/3, eReceipts) (THACAJAE), Payment-Integrated Booking & Checkout Modules (THALADAO), Accounts Payable Automation & Invoice Payments for Travel Suppliers (THACAJAI)
Keywords
Where eNett is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices1 record
Markets served
eNett business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations
Revenue model
- Transaction Processing Fees: Revenue generated from processing virtual card transactions. Lower bank fees compared to traditional payment methods. Act as merchant of record, earning direct revenue and rebates.
- FX Conversion Services: FX options and currency conversion services that protect customers from currency fluctuations, generating revenue through foreign exchange spread.
- Virtual Card Rebates: As merchant of record, eNett earns rebates on transaction volume processed through the VAN network.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Enterprise B2B payment solutions with quote-based pricing |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
eNett product offering
Product offeringCore offering
eNett provides B2B virtual card payment infrastructure for the travel industry, anchored on automatically generated Mastercard Virtual Account Numbers (VANs) used to pay suppliers (airlines, hotels, car rental, ground suppliers) with embedded payment parameters such as amount, currency, date and merchant. The offering is delivered through the EnCompass Payments Platform and iSimplifyPayments web portals and via a Payment API, with automated reconciliation, broad local funding and settlement, and an FX protection suite designed to lower cross-border payment costs for travel intermediaries.
Product overview
eNett is a B2B payment solutions provider for the travel industry, offering a suite of products built around Virtual Account Numbers (VANs) and Virtual Card Numbers (VCNs) that are powered by the Mastercard network. The core product is the VAN, which automates reconciliation and allows payments from within workflows through API integration. Additional offerings include the EnCompass Payments Platform for creating and managing payments, the iSimplifyPayments web portal for customer access, and FX solutions to protect against currency fluctuations. Together, these products enable travel intermediaries and OTAs to pay suppliers securely worldwide while reducing costs and fraud.
Differentiator
Problem solved
Functional benefit
Brands
- VAN (Virtual Account Number): An automatically generated Mastercard number used for supplier payments, including payment parameters such as amount, currency, date and merchant, providing a more secure way to pay or be paid.
Products and services
- Virtual Account Number (VAN)
Quantifiable outcome
- Save up to 2% on each international transaction
- +2 more outcomes
Companies that use eNett
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
eNett technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
eNett partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- MastercardcoreeNett VANs (Virtual Account Numbers) are built on Mastercard network infrastructure. VANs are automatically generated Mastercard numbers accepted wherever Mastercard is online, providing global payment reach through this technology partnership.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
eNett competitors and assessment
Company assessmentDirect peers
- UATP: UATP is an airline-owned payment network that processes air-travel-related payments for corporations, TMCs, and suppliers. It overlaps directly with eNett's airline payment volume focus.
- AirPlus International: AirPlus is a Lufthansa Group company providing virtual and lodge cards for corporate travel payments, including airline ticket settlement and supplier payments. It directly competes with eNett in the B2B travel virtual-card segment.
- Conferma Pay: Conferma Pay is a UK-based virtual card payment platform purpose-built for the travel industry, offering single-use VCNs to OTAs, TMCs, and travel suppliers. It is a near-direct competitor to eNett's VAN/VCN offering and was acquired by Mastercard in 2022.
- CellPoint Digital: CellPoint Digital provides digital payment orchestration and virtual card solutions for travel, airlines, and hospitality, directly overlapping with eNett's reconciliation, FX, and VAN capabilities for OTAs and suppliers.
Broad incumbents
- WEX Inc. WEX Inc. is eNett's parent company and a global commerce platform spanning fleet, benefits, and business payments. While not a direct competitor, WEX's broader payments platform (including the EnCompass platform) is the umbrella under which eNett operates.
- Amadeus IT Group: Amadeus is a global travel technology company whose payments division (Amadeus Payment Technologies) integrates B2B payment processing into GDS and OTA workflows. It is a broad incumbent that overlaps with eNett's travel-payments space.
- Sabre Corporation: Sabre is a major GDS and travel technology provider with B2B travel payment capabilities for airlines, hotels, and agencies. It competes indirectly with eNett in facilitating OTAs' and suppliers' payment flows.
Emerging players
- Pleo: Pleo is a European B2B virtual card and spend-management company. While not travel-specialized, it competes for the same virtual-card and automated-reconciliation use cases among travel agencies and intermediaries considering broader spend platforms.
- Brex: Brex is a corporate card and B2B payments platform issuing virtual cards for travel, SaaS, and ad spend. It overlaps with eNett in providing API-issued virtual cards to mid-market and enterprise customers.
- Ramp: Ramp is a corporate card and AP-automation platform issuing virtual cards with built-in reconciliation, comparable in automation and reconciliation capabilities to eNett's VAN workflow, though targeting a broader corporate spend base.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
eNett social profiles
Digital presenceeNett financial estimates
Financial estimateRevenue estimate
Valuation estimate
eNett leadership team
Management profileNumber of profiles
Profiles9 records
eNett funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
eNett M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about eNett
What does eNett do?
eNett provides B2B virtual card payment infrastructure for the travel industry, anchored on automatically generated Mastercard Virtual Account Numbers (VANs) used to pay suppliers (airlines, hotels, car rental, ground suppliers) with embedded payment parameters such as amount, currency, date and merchant. The offering is delivered through the EnCompass Payments Platform and iSimplifyPayments web portals and via a Payment API, with automated reconciliation, broad local funding and settlement, and an FX protection suite designed to lower cross-border payment costs for travel intermediaries.
Is eNett a public or private company?
eNett is a private company. It is classified as corporate owned and is currently operating.
When was eNett founded?
eNett was founded in 2011. It employs 51 to 100 people.
Where is eNett based?
eNett is headquartered in Singapore, Singapore, in the Asia region.
How does eNett make money?
Three revenue lines are on record. Transaction Processing Fees are the primary driver. The others are FX Conversion Services and virtual Card Rebates.
Who are eNett's main competitors?
Direct peers on record are UATP, AirPlus International, Conferma Pay and CellPoint Digital. Broad incumbents are WEX Inc., Amadeus IT Group and Sabre Corporation. Emerging players are Pleo, Brex and Ramp.
Does eNett have an API?
Yes. The WEX payment API can process multiple payment methods from a single integration, enabling users to pay suppliers the way they prefer to be paid. Developers can access the API to develop technology solutions, customize the WEX payments platform (Encompass), and integrate payment processing into existing systems. Developer documentation is at developer.wexinc.com.
What industry is eNett in?
eNett's product category is Travel Payments / B2B Virtual Card Payments. Its primary akta.pro industry code is THALAHAB, Card Issuing & Virtual Cards (lodge cards, single-use, tokenization), with a secondary code of THACAJAE, Payment Reconciliation, ERP/AP Integration & Data Enrichment (Level 2/3, eReceipts). Its NAICS code is 522320 and its SIC code is 6200.