Corpay One
Corpay One is an all-in-one spend management platform for SMBs and mid-market businesses, unifying fuel cards, business cards, virtual cards, and accounts payable automation. It operates as a product division of Corpay, Inc. (NYSE: CPAY), serving 800K+ business clients globally.
- Company typePrivate
- Founded2016
- HeadquartersAtlanta, United States
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What Corpay One does
Corpay One is an all-in-one spend management platform serving small and medium-sized businesses, operating as a product division of Corpay, Inc. (NYSE: CPAY), an S&P 500 corporate payments company. Founded in 2016 and headquartered in Atlanta, Georgia with 101-250 employees, the platform unifies fuel cards (Universal Fuel Mastercard, Select Mixed Fleet Card, Select Diesel Fleet Card), business cards (Smart Business Mastercard), virtual cards for vendor payments, and accounts payable automation within a single account. Corpay One serves more than 800K business clients globally and processes spend as part of Corpay's $145B annual transaction volume, paying over $800M in rebates annually to customers.
The platform is built on cloud-based spend management infrastructure with Mastercard network integration, OCR-based document scanning, AI-driven transaction coding (SmartMatch), customizable no-code approval workflows, and bidirectional ERP synchronization with QuickBooks Online, Xero, Sage Intacct, Vista, and Microsoft Business Central D365. It also integrates with Slack for approval workflows, Zapier for connections to 1,500+ applications, and 50+ telematics providers for fleet management. AI capabilities include computer-vision-based OCR with human-in-the-loop verification, a vendor-pattern learning recommendation engine for transaction coding, and anomaly detection for fraud prevention. Industry-specific solution packages target Transportation/Trucking, Healthcare, Construction, and Nonprofit verticals.
Revenue is generated through a hybrid model combining monthly subscriptions (Plus $69, Pro $129, Premium $209; Advisor $25/client), per-transaction fees ($0.35 standard ACH, $1 check, 1.5% FX, $25 international wire), interchange on Mastercard volume that funds customer rebates, and foreign exchange margin through Cambridge Mercantile (a Corpay affiliate). Go-to-market combines a product-led self-serve motion for SMBs (free mobile app, free integrations, no per-seat fees) with sales-assisted engagement for mid-market and fleet-heavy customers, supported by digital marketing, accounting-software partner referrals, and direct demo booking. Geographic presence spans the United States, Denmark, and the United Kingdom.
Corpay One firmographics
Firmographics- Name
- Corpay One
- Legal name
- Corpay One, Inc.
- Website
- https://cp.corpayone.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Corpay One is an all-in-one spend management platform for SMBs and mid-market businesses, unifying fuel cards, business cards, virtual cards, and accounts payable automation. It operates as a product division of Corpay, Inc. (NYSE: CPAY), serving 800K+ business clients globally.
- Ownership category
- akta.pro rank
Corpay One industry classification
Industry- Product category
- Corporate Spend Management Software
- NAICS
- Credit Card Issuing (52221)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Corporate Cards & Spend Controls (FSAGAJAF)
- akta.pro secondary industries
- Corporate Cards & Expense Solutions (T&E, purchasing, fleet) (FSABAIAG), Virtual Prepaid & Single-Use / Tokenized Cards (FSAMANAJ), Multi-Currency Accounts, Wallets & FX Management (Consumer/SME) (FSAGAKAF)
Keywords
Where Corpay One is headquartered
LocationHeadquarters
- HQ city
- Atlanta
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Corpay One business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Subscription Fees: Monthly subscription tiers (Plus $69, Pro $129, Premium $209) providing access to the spend management platform with varying feature packages. Includes software access, integrations, and user seats.
- Transaction Fees: Per-transaction fees: $0.35 standard ACH, $2 faster ACH, $1 check, 1.5% foreign exchange, 2.9% credit card funded payments, $25 international wire. Volume-based document pricing also available at $0.50 per document for 1-500 documents.
- Interchange and Rebate Revenue: Earns interchange revenue on Mastercard transactions. Rebates paid to customers ($800M+ annually) are offset by interchange income earned from the transaction volume ($145B annual spend processed).
- Foreign Exchange Margin: 1.5% margin on currency conversion for international payments, processed through Cambridge Mercantile Corp. (an affiliate of Corpay One).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Plus tier at $69/month for basic spend management features |
| Subscription | Monthly | Advisor tier at $25/month per client with volume-based document pricing |
| Transaction based/ take rate | Pay-as-you-go | Transaction-based fees across payment methods |
| Other | Monthly | Rebate-earning credit cards with market-leading returns |
Go-to-market motion2 records
Distribution channels6 records
Marketing channels8 records
Corpay One product offering
Product offeringCore offering
Corpay One is an all-in-one spend management platform that unifies fuel cards, business credit cards, virtual cards, and accounts payable automation into a single account for small and mid-sized businesses. The platform combines Mastercard-issued payment products with cloud-based AP workflows, OCR-based document scanning, SmartMatch automatic transaction coding, and two-way synchronization with QuickBooks Online and Xero. Customers earn market-leading fuel and purchase rebates funded by interchange revenue on $145B in annual processed spend.
Product overview
Corpay One is an all-in-one spend management platform by Corpay (NYSE: CPAY), an S&P 500 company. The platform unifies fuel cards (Universal Fuel Mastercard, Select Mixed Fleet Card, Select Diesel Fleet Card), business cards (Smart Business Mastercard), and virtual cards into a single account with integrated accounts payable automation. The product portfolio includes the core Corpay One spend management platform plus specialized fuel card products (Universal Fuel Mastercard for nationwide Mastercard acceptance, Select Mixed Fleet Card for unleaded/diesel at Fuelman Network, Select Diesel Fleet Card for heavy-duty diesel), Smart Business Mastercard for business expenses with hotel/restaurant/fuel rebates, Virtual Card for digital vendor payments with rebate earnings, and AP Automation for scan-approve-pay-sync workflows. Industry-specific solutions serve transportation/trucking, healthcare, construction, and nonprofits. The platform integrates with QuickBooks Online, Xero, Slack, and Zapier, and offers a mobile app for on-the-go management.
Differentiator
Problem solved
Functional benefit
Brands
- Smart Business Mastercard: Business expense card offering rebates on hotels, restaurants, fuel, and vendor payments with up to 5% hotel rebates, 5% restaurant rebates, and up to 10¢/gal fuel rebates.
- Corpay One Fuel Mastercard
- Select Diesel Fleet Card
- Select Mixed Fleet Card
- Universal Fuel Mastercard
- Virtual Card
- Accounts Payable Automation
Products and services
- Corpay One Spend Management Platform All-in-one cloud spend management platform for SMBs and mid-market companies that unifies fuel cards, business cards, virtual cards, and AP automation into one account with SmartMatch AI coding, OCR scanning, two-way ERP sync, customizable workflows, and a mobile app.
- Corpay One Universal Fuel Mastercard Fuel card offering Mastercard acceptance at 160,000+ U.S. fueling locations and 3-10¢/gal rebates at 50,000+ Savings Network locations; for businesses of any size needing nationwide fuel acceptance.
- Corpay One Select Mixed Fleet Card Fleet card for mixed diesel and unleaded fueling offering 8¢/gal rebates at the Fuelman Discount Network and 1% vendor virtual card rebates; designed for mixed-vehicle fleets.
- Corpay One Select Diesel Fleet Card Heavy-duty fleet diesel card offering 12¢/gal rebates at 40,000+ Fuelman Discount Network stations and digital maintenance management tools; for diesel-intensive fleets.
- Corpay One Smart Business Mastercard Business expense Mastercard offering 5% hotel rebates, 5% restaurant rebates, up to 10¢/gal fuel rebates, and 1% on other purchases; for SMB and mid-market companies needing broad business expense management.
- Corpay One Virtual Card Digital vendor payment solution issuing single-use 16-digit virtual cards tied to specific invoice amounts, expiring after use to prevent fraud and duplicate payments while earning rebates.
- Corpay One Accounts Payable Automation Automated AP solution for SMBs that scans bills/invoices/receipts via OCR, routes them through customizable approval workflows, and pays vendors via Check, ACH, Wire, FX, Credit Card, or Virtual Card while syncing to accounting software.
Quantifiable outcome
- OnCore Leads reduced time spent on payments by 90%
- +4 more outcomes
Companies that use Corpay One
Customer profileNamed customers9 records
Segments6 records
Ideal customer profiles5 records
Corpay One technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration19 records
AI capability7 records
Feature7 records
Corpay One partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- QuickBooks Online (Intuit)coreOfficial QuickBooks integration partner enabling two-way sync of accounting data, bills, invoices, and payments. OCR scanning with 99.9% accuracy syncs to QuickBooks. Requires QuickBooks Online Plus or Advanced plan (not compatible with Simple Start).
- Xero AccountingcoreOfficial Xero integration partner with powerful two-way sync and real-time updating. Five-minute setup. Automatically recognizes vendors and syncs coding, attachments, and payment status in real time.
- Fifth Third BankcorePrimary card-issuing bank for Corpay One Fuel Mastercard and Business Mastercard under Mastercard licensing agreement. Cards also issued by other financial institutions.
- Mastercard InternationalcorePayment network licensing for Corpay One fuel and business Mastercard products. Provides acceptance at 160,000+ fueling locations and universal merchant acceptance.
- Corpay Savings Network (50,000+ stations)coreNetwork of 50,000+ fuel stations where Corpay One cardholders earn enhanced rebates (3-10 cents/gal). Includes Shell, Chevron, BP, Exxon, Pilot Flying J, Circle K, and regional brands.
Scale indicators12 records
Recent moves6 records
Expansion highlights6 records
Corpay One competitors and assessment
Company assessmentDirect peers
- Ramp: Ramp is a corporate card and spend management platform targeting SMBs and mid-market with integrated AP automation and AI receipt coding — the closest direct competitor to Corpay One's combined cards + AP offering.
- Brex: Brex issues corporate cards and offers spend management, bill pay, and expense automation aimed at startups and SMBs, directly overlapping with Corpay One's small/mid-market customer base and product mix.
- Airbase: Airbase provides spend management software with bill pay, AP automation, and corporate cards for mid-market, competing head-to-head with Corpay One's AP Automation and Smart Business Mastercard.
- Spendesk: Spendesk offers SMB-focused spend management with virtual cards, expense management, and AP workflows, overlapping directly with Corpay One's AP Automation and Virtual Card products.
- Pleo: Pleo is a European SMB spend management platform with corporate cards, expense automation, and bill pay — comparable in target segment and product depth to Corpay One's offerings.
Broad incumbents
- BILL Holdings: BILL (formerly Bill.com) is a large public AP automation and business payments platform serving SMBs and accountants — comparable to Corpay One's AP Automation module and overlapping in QuickBooks/Xero-native workflows.
- WEX Inc. WEX is a large public fleet card and corporate payments incumbent with broad payment solutions, directly comparable in fuel card and fleet spend management to Corpay One's Universal Fuel and Select card products.
- HighRadius: HighRadius provides enterprise AP automation, receivables, and treasury management — a broader incumbent whose AP/cash management capabilities overlap with Corpay One's AP Automation at the mid-market and enterprise tiers.
Others
- Comdata: Comdata is a sister fleet card and payments brand under Corpay (NYSE: CPAY), sharing infrastructure and parent backing with Corpay One — relevant as a closely adjacent product line within the same parent company ecosystem.
Emerging players
- Navan: Navan (formerly TripActions) offers corporate cards with integrated T&E and expense management, competing for mid-market expense and virtual card spend against Corpay One's Smart Business Mastercard.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Corpay One social profiles
Digital presenceCorpay One compliance and trust
Trust signalCompliance1 record
Corpay One financial estimates
Financial estimateRevenue estimate
Valuation estimate
Corpay One leadership team
Management profileNumber of profiles
Profiles4 records
Corpay One funding detail
Funding detailFunding overview
Funding rounds3 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Corpay One M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Corpay One
What does Corpay One do?
Corpay One is an all-in-one spend management platform that unifies fuel cards, business credit cards, virtual cards, and accounts payable automation into a single account for small and mid-sized businesses. The platform combines Mastercard-issued payment products with cloud-based AP workflows, OCR-based document scanning, SmartMatch automatic transaction coding, and two-way synchronization with QuickBooks Online and Xero. Customers earn market-leading fuel and purchase rebates funded by interchange revenue on $145B in annual processed spend.
Is Corpay One a public or private company?
Corpay One is a private company. It is classified as public and is currently operating.
When was Corpay One founded?
Corpay One was founded in 2016. It employs 101 to 250 people.
Where is Corpay One based?
Corpay One is headquartered in Atlanta, United States, in the North America region.
How does Corpay One make money?
Four revenue lines are on record. Subscription Fees are the primary driver. The others are transaction Fees, interchange and Rebate Revenue and foreign Exchange Margin.
Who are Corpay One's main competitors?
Direct peers on record are Ramp, Brex, Airbase, Spendesk and Pleo. Broad incumbents are BILL Holdings, WEX Inc. and HighRadius. Comdata is listed as an others. Navan is listed as an emerging player.
Does Corpay One have an API?
No public API is recorded for Corpay One.
What industry is Corpay One in?
Corpay One's product category is Corporate Spend Management Software. Its primary akta.pro industry code is FSAGAJAF, Corporate Cards & Spend Controls, with a secondary code of FSABAIAG, Corporate Cards & Expense Solutions (T&E, purchasing, fleet). Its NAICS code is 52221 and its SIC code is 6199.