Corpay, formerly FleetCor Technologies Strengths, Domain Expertise, and Key Differentiators
Corpay is a provider of enterprise payment and spend management solutions, offering a comprehensive suite that includes accounts payable automation, corporate cards, and cross-border payment capabilities. The company’s platform helps businesses streamline financial operations, offering integration with various enterprise systems. With a strong focus on global payments, Corpay supports transactions in over 145 currencies and continues to expand its offerings through strategic acquisitions, enhancing its presence across key industries.
Corpay, formerly FleetCor Technologies Recent Developments
In February 2025, Corpay's Cross-Border business launched Multi-Currency Accounts, empowering businesses to seamlessly manage both local and foreign currencies through dedicated accounts held in their own names.
In 2024, Corpay introduced Corpay Complete, a unified spend management platform that brings together corporate cards, expense reimbursements, accounts payable automation, and supplier payments. That same year, they expanded the platform with the release of Virtual Card for Accounts Payable, enabling businesses to streamline payments, boost rebate capture, and simplify spend oversight.
Corpay, formerly FleetCor Technologies Mergers and Acquisitions (M&A) Activities
Corpay undertook several strategic transactions, including the divestiture of Comdata Merchant POS Solutions to focus more on its core corporate payments business. It also acquired GPS Capital Markets, a major B2B cross-border and treasury management firm, significantly enhancing its foreign exchange and risk management capabilities while expanding its global reach. Additionally, Corpay moved to acquire Paymerang, a platform specializing in invoice and accounts payable automation, thereby increasing its presence in sectors such as education, healthcare, hospitality, and manufacturing and adding over 250,000 merchants to its network.
Corpay, formerly FleetCor Technologies Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Corpay, formerly FleetCor Technologies applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Corpay, formerly FleetCor Technologies and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Corpay AP Automation, Comdata, Corpay Complete customers.
Corpay, formerly FleetCor Technologies Overview
3280 Peachtree Road, Suite 2400
Atlanta, GA, 30305, United States
1 770-449-0479
https://www.corpay.com/
Ownership: - FLT (NYSE)
Number of Employees: 11200
Functional Markets: ERP Financial,
Key Verticals: Automotive, Banking and Financial Services, Communication, Construction and Real Estate, CPG, Distribution, Education, Government, Healthcare, Insurance, Leisure and Hospitality, Life Sciences, Manufacturing, Media, Non Profit, Oil Gas Chemicals, Professional Services, Retail, Transportation, Utility,
Corpay, formerly FleetCor Technologies Key Enterprise and Cloud Applications
Corpay AP Automation, Comdata, Corpay Complete
Corpay, formerly FleetCor Technologies Revenues, $M:
| Type/Year | 2023 | 2024 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Corpay, formerly FleetCor Technologies Revenue Breakdown By Type, $M:
Corpay, formerly FleetCor Technologies Enterprise Applications Revenues By Functional Markets, $M:
Corpay, formerly FleetCor Technologies Enterprise Applications Revenues By Verticals, $M:
Corpay, formerly FleetCor Technologies Revenues By Region, $M
| Region | % of Total Revenues | 2024 Total Revenues, $M | 2024 Enterprise Applications Revenues, $M | 2024 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Corpay, formerly FleetCor Technologies Direct vs Indirect sales
| Type | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Corpay, formerly FleetCor Technologies Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Corpay, formerly FleetCor Technologies Customers
No. of Corpay, formerly FleetCor Technologies Customers: 800000
No. of Corpay, formerly FleetCor Technologies Enterprise Applications Customers: x
No. of Corpay, formerly FleetCor Technologies Cloud Customers: x
No. of Corpay, formerly FleetCor Technologies Cloud Subscribers: x
Corpay serves a diverse range of customers, from small businesses to large enterprises, across various industries. Notable clients include Phillips & Jordan Inc., a woman-owned construction firm; Moss & Associates, a Florida-based construction company; and Hunt Electric Corporation, a U.S.-based electrical contracting firm. Other key customers include Mixpanel, a software analytics company, and Adicet Bio Inc., a biotechnology firm.
Additionally, Corpay serves clients in the financial sector, such as Jack Henry & Associates, a financial technology company. These companies leverage Corpay’s solutions to streamline payment processes, enhance operational efficiency, and manage financial operations across their respective industries.
Corpay, formerly FleetCor Technologies Market Opportunities, M&A and Geo Expansions
In recent years, Corpay has pursued opportunities for growth through both geographic expansion and leadership changes. The company opened new offices in Chennai, India, to support back-office functions and improve operational efficiency, and in Auckland, New Zealand, to strengthen its presence in the Asia-Pacific region. Additionally, Corpay expanded into Luxembourg in 2025, aiming to enhance its presence in key financial markets and support growth in the institutional investment sector.
On the leadership front, Corpay appointed Mike Jeffrey as the Chief Revenue Officer in 2024 to lead its U.S. sales organization, driving new bookings and cross-sell initiatives. These strategic moves are designed to enhance Corpay’s global footprint and improve its service delivery across various regions and industries.
Corpay, formerly FleetCor Technologies Risks and Challenges
Corpay's stock has experienced fluctuations, including a 3.39% decline in April 2025, underperforming relative to its competitors. Such market volatility can impact investor confidence and influence the company's overall valuation.
As a global payments provider, Corpay is vulnerable to fluctuations in foreign exchange rates, with around 43% of its revenue tied to currencies outside the U.S. dollar. The company also faces credit risks linked to derivative contracts and trade credit extended to clients, with potential losses if customers default on their obligations.
Additionally, Corpay may encounter risks related to its internal financial reporting controls. Any weaknesses in these controls could affect the accuracy and timeliness of its financial statements, potentially leading to legal and financial consequences.
Corpay, formerly FleetCor Technologies Ecosystem, Partners, Resellers and SI
Corpay has built a diverse partner ecosystem that includes technology integrations, channel partnerships, and strategic alliances to enhance its service offerings. In terms of technology integrations, Corpay collaborates with major enterprise software providers like Basware, Deltek, and Esker, ensuring seamless payment processing and accounts payable automation within their platforms.
The company also operates a channel partner program to expand its network and provide additional resources for clients seeking payment solutions. Through strategic alliances, Corpay has formed partnerships with organizations such as Manchester City, SK Slavia Praha, AbbeyCross, and Tekion, focusing on cross-border payments and specific industry needs, like automotive retail and foreign exchange services. These partnerships help Corpay extend its global reach and offer comprehensive solutions to businesses worldwide.
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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