# Corpay

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/corpay

- Industry: Financial Services
- Headquarters: Atlanta, US
- Website: www.corpay.com/
- Total disclosed funding: $171M
- Latest round: Series E (Apr 6, 2009)
- Investors on record: 6

## About

Corpay, Inc. is a US-based provider of innovative corporate payment solutions, streamlining business expenses and enhancing payment security for a diverse client base across various industries.Founded in 2000 and headquartered in Atlanta, US, Corpay, Inc. focuses on corporate payment solutions. The company has undergone significant evolution in its business strategy and was formed through a combination of multiple entities. Ron Clarke serves as the CEO. The firm has successfully completed 13 deals, with its latest funding round being a Private Placement/Follow on in December 2010, raising a total of USD 199.85 mn.Corpay specializes in modern corporate payment solutions designed to streamline business expenses and enhance payment security. Core offerings include accounts payable (AP) automation, cross-border payment solutions, and commercial cards, serving over 800,000 clients across sectors such as automotive, hospitality, education, and government. The solutions enable businesses to manage payments across 200 countries, mitigating currency risks and integrating seamlessly with existing financial systems to enhance operational efficiency.In the most recent financial year of 2024, Corpay generated revenue of USD 3,974.59 mn and an EBITDA of USD 2,138.25 mn.Corpay is focused on expanding its product suite, with new offerings designed to enhance payment processing and security, expected to launch in 2025. The company plans to enter new markets in Southeast Asia and Europe by 2026, leveraging recent funding of USD 199.85 mn to support these initiatives and enhance its technological capabilities.

## Funding rounds

- Series E, Apr 6, 2009, $100M — Advantage Capital, Advent International, HarbourVest Partners, Nautic Partners, Summit Partners, Sagard Private Equity Solutions
- Series C, May 1, 2002, $45M — Summit Partners
- Series B, Nov 1, 1999 — Advantage Capital
- Series A, Feb 1, 1998, $26M — Advantage Capital

## Investors

- Advantage Capital — Series A, Series B, Series E
- Summit Partners (https://capitalatlas.ai/funds/summit-partners) — Series C, Series E
- Advent International (https://capitalatlas.ai/funds/advent-international) — Series E
- HarbourVest Partners (https://capitalatlas.ai/funds/harbourvest-partners) — Series E
- Nautic Partners (https://capitalatlas.ai/funds/nautic-partners) — Series E
- Sagard Private Equity Solutions (https://capitalatlas.ai/funds/sagard-private-equity-solutions) — Series E