About Corpay
Corpay is a company based in Atlanta (United States) founded in 2000.. Corpay has raised $175 million across 6 funding rounds from investors including Mastercard, PNC and JPMorgan Chase. The company has 11,200 employees as of December 31, 2024. Corpay has completed 6 acquisitions, including Alpha Group, AvidXchange and Foreign Currency Exchange. Corpay offers products and services including AP Automation, Commercial Cards, Cross-Border Payments, and Fuel and Fleet Payments. Corpay operates in a competitive market with competitors including Stripe, PayPal, Flutterwave, Square and Wright Express, among others.
- Headquarter Atlanta, United States
- Employees 11200 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Corpay, Inc.
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Annual Revenue
$3.97 B5.77as on Dec 31, 2024
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Net Profit
$1 B2.23as on Dec 31, 2024
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EBITDA
$2.15 B6.07as on Dec 31, 2024
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Total Equity Funding
$175 M (USD)
in 6 rounds
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Latest Funding Round
$300 M (USD), Post-IPO
Apr 29, 2025
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Investors
Mastercard
& 11 more
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Employee Count
11200
as on Dec 31, 2024
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Investments & Acquisitions
Alpha Group
& 5 more
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IPO & Listings of Corpay
Corpay is a publicly listed company on the NYSE with ticker symbol CPAY in USA, operating in the Commercial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Corpay
Corpay offers a comprehensive portfolio of products and services, including AP Automation, Commercial Cards, Cross-Border Payments, and Fuel and Fleet Payments. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automates accounts payable processes to streamline vendor payments.
Provides corporate cards for expense control and rebates.
Manages international transactions and mitigates currency risk.
Offers fuel rebates and payment solutions for fleet operations.
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Sales and Marketing
202 people
Leadership Team
125 people
Software Development Team
91 people
Product Management Team
51 people
Legal and Compliance
29 people
Operations Team
27 people
Finance and Accounting
24 people
Senior Team
22 people
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Funding Insights of Corpay
Corpay has successfully raised a total of $175M across 6 strategic funding rounds. The most recent funding activity was a Post-IPO round of $300 million completed in April 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Post-IPO — $300.0M
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First Round
First Round
(01 Jul 2005)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2025 | Amount | Post-IPO - Corpay | Valuation |
investors |
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| Dec, 2018 | Amount | Post-IPO - Corpay | Valuation |
investors |
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| Apr, 2009 | Amount | Series E - Corpay | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Corpay
Corpay has secured backing from 12 investors, including institutional and venture fund investors. Prominent investors backing the company include Mastercard, PNC and JPMorgan Chase. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Summit Partners is recognized as a growth equity investment firm.
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Founded Year | Domain | Location | |
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Private equity investment firm
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Founded Year | Domain | Location | |
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Private equity firm focused on multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Corpay
Corpay has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include Alpha Group, AvidXchange and Foreign Currency Exchange. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Financing for vehicle fines and taxes is facilitated online.
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2019 | ||||
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International currency transfers are facilitated via an online platform.
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2011 | ||||
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AI-based invoice, payment, and accounts payable automation solutions for businesses
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Corpay
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Corpay Comparisons
Competitors of Corpay
Corpay operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Stripe, PayPal, Flutterwave, Square and Wright Express, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Payment processing and card issuance solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Online payment solutions are offered to consumers and businesses.
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| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
POS solutions are provided for retail businesses.
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| domain | founded_year | HQ Location |
Employee benefit administration and payment solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Online payment processing and credit solutions are provided for businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Corpay
Frequently Asked Questions about Corpay
When was Corpay founded?
Corpay was founded in 2000 and raised its 1st funding round 5 years after it was founded.
Where is Corpay located?
Corpay is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Who is the current CEO of Corpay?
Ron Clarke is the current CEO of Corpay.
Is Corpay a funded company?
Corpay is a funded company, having raised a total of $175M across 6 funding rounds to date. The company's 1st funding round was a Series E of $100M, raised on Jul 01, 2005.
How many employees does Corpay have?
As of Dec 31, 2024, the latest employee count at Corpay is 11,200.
What is the annual revenue of Corpay?
Annual revenue of Corpay is $3.97B as on Dec 31, 2024.
What does Corpay do?
Corpay was founded in 2000 in Atlanta, United States, within the financial technology sector. Software for automating business payments and managing expenses is offered, including features for invoice processing, transaction reconciliation, and vendor payments. Accounts payable workflows are streamlined, while employee spend is tracked and controlled. Integration with enterprise resource planning systems is enabled to support financial accuracy and compliance across operations.
Who are the top competitors of Corpay?
Corpay's top competitors include Stripe, PayU and Flutterwave.
What products or services does Corpay offer?
Corpay offers AP Automation, Commercial Cards, Cross-Border Payments, and Fuel and Fleet Payments.
Is Corpay publicly traded?
Yes, Corpay is publicly traded on NYSE under the ticker symbol CPAY.
How many acquisitions has Corpay made?
Corpay has made 6 acquisitions, including Alpha Group, AvidXchange, and Foreign Currency Exchange.
Who are Corpay's investors?
Corpay has 12 investors. Key investors include Mastercard, PNC, JPMorgan Chase, HarbourVest Partners, and Bain Capital Private Equity.
What is Corpay's ticker symbol?
The ticker symbol of Corpay is CPAY on NYSE.
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