Corpay (NYSE:CPAY) is a global payments and spend management company that provides businesses with solutions to streamline international transactions, manage foreign exchange exposure, and automate accounts payable processes. Originally founded in 2005 as Cambridge Mercantile, the firm was acquired by FLEETCOR Technologies in 2010 and operated as part of its payments division until its spin-off as an independent public company in 2023. Corpay leverages a combination of proprietary technology and deep banking relationships to deliver scalable, secure and compliant payment services to corporate clients worldwide.
The company’s core offerings include multi-currency cross-border payments, foreign exchange risk management, virtual and commercial card programs, and automated bill payment software. Corpay’s foreign exchange trading desk provides bespoke hedging strategies and real-time rates to help organizations protect margins and manage currency volatility. Its virtual card solutions and automated disbursement tools enable firms to optimize working capital, reduce manual processes, and improve financial controls across the entire payments lifecycle.
Corpay serves a diverse range of industries—spanning manufacturing, retail, insurance, and professional services—with a focus on mid-market and enterprise customers. Operating in more than 180 countries and supporting over 120 currencies, the company’s platform integrates with leading enterprise resource planning (ERP) systems and treasury management systems (TMS). Its global footprint is supported by regional offices in North America, Europe, Asia Pacific, and the Middle East, ensuring local expertise and regulatory compliance in key markets.
Under the leadership of Chief Executive Officer Rob Foregger, Corpay emphasizes innovation, customer service and security. The executive team brings decades of experience in financial technology, payments processing and corporate treasury management. Committed to fostering digital transformation, Corpay continues to invest in cloud-based infrastructure, advanced analytics and cybersecurity to enhance its platform capabilities. This strategic focus aims to help businesses of all sizes navigate the complexities of global commerce and achieve greater operational efficiency.
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