Cambridge Global Payments

Name

Cambridge Global Payments

Legal name

Corpay, Inc.

Website

https://cambridgefx.com

Company type

Public

Founded year

2025

Operating status

Operating

Headcount range

251–500 employees

Ownership category

akta.pro rank

Product category

Cross-Border Payments and FX Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

akta.pro primary industry

Cross-Border Payouts & Mass Disbursements (Pay-outs) (FSAMAIAJ)

Keywords

• Cross-border payments
• Foreign exchange services
• Currency risk management
• Multi-currency accounts
• Global payment processing

Headquarters

HQ city

Atlanta

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Corporate Payments / Cross-Border Solutions: Core B2B payments business generating revenue through cross-border payment processing, currency exchange, and FX risk management services. Revenue increased 6% year-over-year to $1.03 billion in Q3 2024, marking the company's first $1 billion revenue quarter, driven by growth in global B2B payments segment and increased spend volumes.
2. Multi-Currency Account Services: Services enabling businesses to receive and pay out foreign currencies, generating revenue through currency exchange spreads and transaction fees.
3. Currency Risk Management Solutions: FX hedging and risk management solutions that protect business cash flows against unpredictable currency fluctuations, generating revenue through service fees and spreads.
4. Enterprise Partnership Integration: Partnership-based revenue through enabling banks, financial institutions, and enterprise organizations to offer FX and cross-border payment services to their customers.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels8 records

Core offering

Cambridge Global Payments provides cross-border payments and foreign exchange risk management solutions to corporate clients and financial institutions. The company delivers global payment processing in 200+ countries and territories, multi-currency accounts supporting 50+ currencies, currency risk management advisory services, and global invoice automation, integrated with enterprise ERP and treasury management systems.

Product overview

Cambridge Global Payments operates as Corpay Cross-Border, a division of Corpay Inc. The company offers a comprehensive corporate payments and spend management platform comprising multiple integrated solutions. The core offerings include Commercial Cards (Corpay Mastercard and Corpay World Elite Mastercard products), AP Automation, and Cross-Border Payments (Global Payments, Currency Risk Management, Multi-Currency Accounts, and Global Invoice Automation). These are unified through Corpay Complete, a single platform for end-to-end spend management. Additional divisions include Corpay One and Comdata for fuel and fleet card programs, and corporate lodging services. The platform processes over 4.1 million payments annually across 200+ countries serving 21,000+ customers.

Differentiator

Problem solved

Functional benefit

Brands

• Corpay Complete: One platform to manage cards, payments, and spend end to end
• Corpay One
• Comdata
• Corpay Mastercard
• Corpay World Elite Mastercard

Products and services

• Cross-Border Payments International B2B payment execution across 200+ countries and territories, supporting multiple payment rails, currencies, and settlement options for corporate and financial institution clients.
• Currency Risk Management

Quantifiable outcome

• 4.1+ million payments processed annually across 200+ countries
• +3 more outcomes

Named customers10 records

Segments7 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

15 partnerships are on record, tiered flagship, core and minor.

• Cambridge Global Payments (Acquisition)flagshipStrategic or Co-development Partner · 28 March 2025FLEETCOR/Corpay acquired Cambridge Global Payments for $675 million to grow cross-border business. Cambridge Global Payments has been rebranded to Corpay Cross-Border.
• GringocoreStrategic or Co-development Partner · 4 February 2025Corpay announced plans to acquire Brazil-based vehicle payment company Gringo to expand vehicle payments business. Transaction expected to close by end of Q1 2025, subject to regulatory approval.
• Jack HenrycoreTechnology or Integration · 23 January 2025Jack Henry partners with Corpay to transform international wire transfers for banks. Collaboration provides international wires for clients through Jack Henry's Symitar platform.
• UFCflagshipGTM or Marketing Partner · 11 December 2024Corpay Cross-Border named exclusive Global FX Partner of UFC in landmark deal. Partnership provides UFC with comprehensive foreign exchange services for their international operations and payments.
• GPS Capital MarketsflagshipStrategic or Co-development Partner · 3 December 2024Corpay completed acquisition of GPS Capital Markets in December 2024, expanding corporate payments capabilities through cross-border payments acquisition.
• World AquaticscoreGTM or Marketing Partner · 18 November 2024Corpay Cross-Border extended global partnership with World Aquatics as FX Payment Provider, having initially partnered in 2023 and extending through 2026.
• AbbeyCrosscoreTechnology or Integration · 29 September 2024Corpay Cross-Border joins AbbeyCross ABX Platform to provide FX payments to emerging markets, expanding coverage for cross-border transactions.
• Everton Football ClubcoreGTM or Marketing Partner · 24 September 2024Corpay Cross-Border named Official FX Supplier of Everton Football Club to tackle forex challenges and provide international payment solutions.
• Manchester CityflagshipGTM or Marketing Partner · 22 August 2024Corpay Cross-Border named Official FX Partner of Manchester City, providing global FX solutions and payment handling for the football club's international operations.
• FinzlycoreTechnology or Integration · 14 August 2024New collaboration with Finzly to deliver an enhanced FX offering for financial institutions. Finzly's banking platform integrates with Corpay Cross-Border for improved FX capabilities.
• World AthleticscoreGTM or Marketing Partner · 25 July 2024Corpay Cross-Border named Official World Athletics Foreign Exchange Supplier for international payment processing needs.
• AEG Presents UKcoreGTM or Marketing Partner · 23 July 2024Corpay Cross-Border named Official B2B FX Partner for AEG Presents UK in Europe, providing foreign exchange services for the entertainment company's operations.
• MastercardcoreTechnology or Integration · 1 January 2024Mastercard logo partnership displayed on Corpay website indicating integration and partnership relationship for payment processing capabilities.
• FEI CanadaminorGTM or Marketing PartnerFEI Canada logo displayed as partnership on Corpay website indicating association partnership in Canadian market.
• Cirque du SoleilminorGTM or Marketing PartnerCirque du Soleil logo displayed as partnership on Corpay website indicating commercial partnership relationship.

Scale indicators5 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Western Union Business Solutions: Western Union's business payments division (formerly WUBS) is a direct competitor in B2B cross-border payments and FX risk management, serving similar mid-market and enterprise clients with international payment solutions and multi-currency capabilities.
• OFX: OFX is a leading cross-border payments and FX solutions provider for businesses and individuals, directly competing with Cambridge Global Payments in B2B international payments, currency risk management, and multi-currency accounts across similar global corridors.
• Wise (formerly TransferWise): Wise is a digital-first cross-border payments platform serving both consumers and businesses. Its Wise Business product directly competes for mid-market corporate FX and international payment volumes with transparent, low-margin pricing that pressures incumbent economics.
• Ebury: Ebury (now owned by Santander) is a UK-based fintech providing cross-border payments, FX, and trade finance to SMEs and mid-market corporates, directly competing with Cambridge in international payments and currency risk management with a strong European footprint.
• Kantox: Kantox is a fintech specializing in FX management and cross-border payments for SMEs and mid-market companies in Europe, directly competing with Cambridge Global Payments in corporate FX hedging and international payment automation.
• GPS Capital Markets: GPS Capital Markets is a Utah-based provider of corporate FX risk management and cross-border payment solutions. It was a direct competitor to Cambridge Global Payments before being acquired by Corpay in December 2024, and now operates as a sister business within Corpay Cross-Border.
• Conduit Pay: Conduit Pay is a B2B cross-border payments platform serving emerging markets and SMBs with FX and payment services. It competes with Cambridge in cross-border B2B payment flows, particularly for emerging market corridors where AbbeyCross partnership also operates.

Broad incumbents

• MoneyGram: MoneyGram is a broad incumbent in global money movement with consumer remittance roots but expanding B2B and digital wallet offerings. It overlaps with Cambridge in cross-border payment rails but historically focused on consumer-to-consumer remittances.
• Currencycloud: Currencycloud (now part of Visa) provides cross-border payments infrastructure and B2B FX APIs. It competes with Cambridge as both a partner and infrastructure provider, offering embedded cross-border payment capabilities to banks and fintechs that could disintermediate platforms like Cambridge.

Emerging players

• Revolut Business: Revolut's business product offers multi-currency accounts, international payments, and corporate cards targeting SMBs and mid-market companies. It competes with Cambridge on price transparency and digital-first experience rather than deep FX advisory relationships.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/CorpayFX
• YouTubeyoutube.com/@GetCorpay
• Facebookfacebook.com/corpayinc
• LinkedInlinkedin.com/company/cambridge-global-payments

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cambridge Global Payments