Corpay

Corpay

Business payments platform formed via acquisitions

Overview

Corpay is a business payments company that helps organizations manage paying and getting paid through various payment methods. It started as FleetCor with fleet card services and then broadened into a full suite of corporate payment solutions, including accounts payable and other payment types. Its products work by integrating payment processing, card programs, and supplier payments into one platform, enabling companies to issue payments, control spending, automate workflows, and track cash flow. Corpay differentiates itself through growth via strategic acquisitions that expanded its market reach and product scope, allowing it to serve multiple sectors such as education, healthcare, hospitality, and manufacturing. The company’s goal is to be a leading provider of business payments, helping customers simplify and optimize how they pay and get paid across their organization.

Funded Recently

About Corpay

Simplify's Rating
Why Corpay is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Enterprise Software

Fintech

Financial Services

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Atlanta, Georgia

Founded

1986

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Simplify's Take

What believers are saying

  • AI spend automation can deepen embedded workflows and raise wallet share.
  • JPMorgan Kinexys and BVNK add stablecoin settlement for faster cross-border payouts.
  • Management targets $15 billion cash over four years, enabling aggressive buybacks.

What critics are saying

  • Ramp, Brex, and Bill.com pressure Corpay's middle-market software-led payments growth.
  • JPMorgan and BVNK control critical settlement rails, creating partner concentration risk.
  • Fuel-card volumes face long-term erosion from fleet electrification and EV adoption.

What makes Corpay unique

  • Founded in 2000 as FLEETCOR, Corpay rebranded in March 2024.
  • Corpay runs a multi-rail payments platform across 140 currencies and 200 countries.
  • Q1 2026 Corporate Payments reached 40% of revenue, up from 34%.

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Funding

Total Funding

$2.6B

Above

Industry Average

Funded Over

9 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

Health Insurance

Flexible Work Hours

Life Insurance

Pension scheme with 5% employer contribution

Private Healthcare

Paid Vacation

Performance Bonus

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

-3%
Corpay
May 14th, 2026
FleetCor Completes Initial Public Offering | Corpay, Inc.

NORCROSS, Ga., Dec 20, 2010 (BUSINESS WIRE) -- FleetCor Technologies, Inc. (NYSE: FLT), a leading independent global provider of specialized payment products and services to commercial fleets, major oil companies and petroleum marketers, today announced that it has completed its initial public

Transport + Energy
Apr 7th, 2026
Voltempo and Corpay partner on commercial electric charging.

Voltempo and Corpay partner on commercial electric charging. Voltempo and Corpay have partnered on a new commercial model for electric truck and van charging to support operating zero emission freight fleets with greater energy security. The partnership combines Voltempo's network of commercial vehicle depot-based charging locations with Corpay's April 7, 2026 _ James Evison Voltempo and Corpay have partnered on a new commercial model for electric truck and van charging to support operating zero emission freight fleets with greater energy security. The partnership combines Voltempo's network of commercial vehicle depot-based charging locations with Corpay's global fleet payment platform, EV charging network and energy procurement capability, creating an integrated system that connects charging infrastructure, fleet payments and electricity supply. The companies said the model could assist the economics of electric freight by allowing operators to access charging, energy and payments through a single platform while avoiding the upfront capital investment required for depot charging infrastructure. Voltempo, which leads the UK Government-backed eFREIGHT 2030 consortium, is developing a nationwide network of high-power charging hubs located at logistics depots, where trucks and vans naturally operate, dwell and park. Under the new partnership, Corpay's global fleet platform will connect operators directly to the Voltempo charging network, enabling fleets to locate, book and pay for charging at depots using existing EV charge cards. Corpay and Voltempo will procure electricity on behalf of customers from a third party, using a bunkering-style approach to energy procurement that supports greater cost certainty, enhanced energy resilience and driving down total cost of ownership. Simon Smith, CEO of Voltempo, said: "This partnership fundamentally changes how the freight industry electrifies. By bringing together charging infrastructure energy procurement and fleet payments into a single commercial model, we're removing some of the biggest barriers operators face. We're demonstrating that electric trucks and vans can be more profitable, more productive and ultimately better for operators' businesses, with lower emissions as an additional benefit." Tom Rowlands, Managing Director, Global EV Solutions, Corpay, including UK brand Allstar, said: "Fleets are fundamentally changing the way they operate, and we are increasingly seeing demand grow for innovative solutions to support the deployment of more commercial electric vehicles, be that Vans or HGVs. Partnerships like this give our customers access to a greater breadth of high quality charging solutions." Paul Holland, Managing Director, UK/ANZ Vehicle Payments, Corpay, including UK brand Allstar, said: "Corpay supports fleets globally to pay for their fuel, keep driving, and ensure goods end up to where they need to be. By harnessing Allstar's comprehensive payment solution across the UK, businesses can be assured that payments are not an obstacle in what can be a complex arena." Image courtesy of Corpay/Voltempo

Automotive World
Apr 7th, 2026
Voltempo and Corpay launch depot charging as a service.

Voltempo and Corpay launch depot charging as a service. Voltempo and Corpay are combining depot charging, fleet payments and energy procurement into a single platform for UK freight operators * April 7, 2026 Voltempo and Corpay have announced an exclusive strategic partnership to create an integrated commercial model for electric truck and van charging across the UK. The agreement combines Voltempo's depot-based charging network with Corpay's global fleet payment platform, energy procurement capability and EV charging infrastructure into a single system. Under the model, fleet operators can access charging, energy and payments through one platform, avoiding the upfront capital investment typically required for depot charging infrastructure. Corpay's platform will connect qualifying operators to Voltempo depots, enabling them to locate, book and pay for charging using existing EV charge cards, including the Allstar Chargepass. The partnership includes a bunkering-style approach to electricity procurement, with both companies buying energy on behalf of customers to support cost certainty and energy resilience. Voltempo's Depot Charging as a Service (D-CaaS) model installs and manages charging infrastructure at logistics sites on behalf of depot owners, with spare capacity made available to other fleets within the network. In a statement, Chief Executive Simon Smith said: "This partnership fundamentally changes how the freight industry electrifies. By bringing together charging infrastructure, energy procurement and fleet payments into a single commercial model, we're removing some of the biggest barriers operators face. We're demonstrating that electric trucks and vans can be more profitable, more productive and ultimately better for operators' businesses, with lower emissions as an additional benefit."

Cupure
Apr 5th, 2026
US payments group with $20bn market value aims to boost UK truck electrification.

US payments group with $20bn market value aims to boost UK truck electrification. Corpay is partnering with Voltempo in building UK's largest charging network for electric lorries

Yahoo Finance
Apr 1st, 2026
Volatus Aerospace revenue climbs 26% to $25M as defense share hits 25%

Volatus Aerospace reported fiscal 2025 revenue of CAD 34.2 million, up 26% year-on-year, driven by equipment sales which more than doubled. Defence now represents approximately 25% of revenue, up from 5% two years ago, with management targeting 60%–65% defence revenue over time. The company delivered multiple intelligence, surveillance and reconnaissance systems to NATO customers and secured a CAD 9 million training contract with a NATO ally. Cash improved sharply to CAD 41 million from CAD 2 million, following financing activities. Operating losses widened to CAD 14.9 million due to investments in scaling and defence technology development, including a 45% increase in headcount. The company's 53,000-square-foot Mirabel manufacturing facility is scheduled to open in early to mid-June, with material revenue contributions not expected until 2027.

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