GPS Capital Markets
GPS Capital Markets is a US-based B2B cross-border payments and FX risk management provider serving mid-sized companies with global payment execution, multi-currency accounts, and treasury management services; acquired by Corpay, Inc. in June 2024 for $28.7 million.
- Company typePrivate
- Founded2002
- HeadquartersSouth Jordan, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What GPS Capital Markets does
GPS Capital Markets, LLC is a US-based B2B cross-border payments and treasury management services provider, founded in 2002 and headquartered in South Jordan, Utah. The company serves mid-sized US companies with cross-border payment execution, foreign exchange risk management, multi-currency account holdings, and global invoice automation. Its core product portfolio comprises five offerings — Global Payments, Currency Risk Management, Multi-Currency Accounts, Global Invoice Automation, and Currency Capabilities — designed to operate as a unified mid-market corporate treasury platform.
The underlying technology is a B2B cross-border payments and treasury management platform that has been integrated into Corpay, Inc.'s global payments infrastructure following Corpay's June 2024 acquisition of GPS Capital Markets for $28.7 million. Through Corpay, the platform is now distributed across 200+ countries, processing 4.1+ million payments annually and serving 21,000+ customers globally. GPS positions itself on domain specialization in mid-market FX and on integration interoperability with Corpay's broader payments stack.
The business model is transaction-fee based, with revenue generated from cross-border payment processing and treasury management services. Following acquisition, GPS operates as a wholly-owned subsidiary within Corpay's Corporate Payments segment — a segment that drove Corpay's first $1 billion revenue quarter in Q3 2024 with 6% year-over-year growth. The go-to-market motion is enterprise field sales for larger corporate clients and inside sales for mid-market accounts, executed through Corpay's direct sales channels. No standalone revenue figures for GPS are publicly disclosed, and pricing is handled through quote-based enterprise arrangements under Corpay.
GPS Capital Markets firmographics
Firmographics- Name
- GPS Capital Markets
- Legal name
- GPS Capital Markets, LLC
- Website
- https://gpsfx.com
- Company type
- Private
- Founded year
- 2002
- Operating status
- Acquired
- Headcount range
- 51–100 employees
- Short description
- GPS Capital Markets is a US-based B2B cross-border payments and FX risk management provider serving mid-sized companies with global payment execution, multi-currency accounts, and treasury management services; acquired by Corpay, Inc. in June 2024 for $28.7 million.
- Ownership category
- akta.pro rank
GPS Capital Markets industry classification
Industry- Product category
- Cross-Border Payments and FX Services
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- SME & Business Cross-Border Payments (B2B) (FSAMAIAB)
- akta.pro secondary industry
- Trade & Invoice Payments (Cross-Border B2B) (FSAMAIAL)
Keywords
Where GPS Capital Markets is headquartered
LocationHeadquarters
- HQ city
- South Jordan
- HQ country
- United States
- HQ region
- North America
Markets served
GPS Capital Markets business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Cross-border payment processing fees: Transaction-based fees from processing B2B cross-border payments for mid-sized US companies. Revenue is generated through transaction fees on international payments and treasury management services.
- Corpay Corporate Payments segment: GPS Capital Markets contributes to Corpay's Corporate Payments segment, which drove Corpay's first $1 billion revenue quarter in Q3 2024 with 6% year-over-year growth. The segment benefits from increased spend volumes and global scaling efforts.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
GPS Capital Markets product offering
Product offeringCore offering
GPS Capital Markets provides B2B cross-border payment execution and currency risk management for mid-sized US companies. Its offerings include global payments, FX hedging, multi-currency accounts, and automated invoice-based international payments, delivered through Corpay's cross-border payments platform covering 200+ countries.
Product overview
GPS Capital Markets, now part of Corpay, provides a unified platform for cross-border payments and FX risk management. The core offering includes Global Payments for international money transfers, Currency Risk Management for hedging against FX fluctuations, Multi-Currency Accounts for receiving and paying in foreign currencies, Global Invoice Automation for processing international payments from documents, and Currency Capabilities covering 200+ countries. These products work together to serve mid-sized US companies with comprehensive B2B cross-border and treasury management services.
Differentiator
Problem solved
Functional benefit
Products and services
- Global Payments A cross-border payment solution enabling businesses to move money internationally with dedicated customer service and supporting technology.
- Currency Risk Management FX risk management solution that helps businesses hedge against currency fluctuations and protect cash flows from adverse FX market movements.
- Multi-Currency Accounts Service allowing businesses to receive and pay out foreign currencies through a secure account held in the business's name, supporting international transactions across multiple currencies.
- Global Invoice Automation Solution for processing international payments directly from invoices, spreadsheets, or documents, streamlining cross-border payment workflows.
- Currency Capabilities Service identifying available payment services for each country to support cross-border payments, covering 200+ countries and processing 4.1+ million payments annually.
Companies that use GPS Capital Markets
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles1 record
GPS Capital Markets technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
GPS Capital Markets partnerships and signals
Strategic signalScale indicators4 records
Recent moves4 records
Expansion highlights4 records
GPS Capital Markets competitors and assessment
Company assessmentDirect peers
- OFX: OFX (formerly OzForex) is a publicly listed specialist in international payments and FX risk management for businesses and individuals, making it a direct comparable to GPS Capital Markets in mid-market cross-border FX services.
- Convera: Convera (formerly Western Union Business Solutions) is one of the largest B2B cross-border payments and FX specialists globally, directly competing with GPS for mid-market corporate treasury and cross-border payment mandates.
- Wise Business: Wise Business is the B2B arm of Wise, offering multi-currency accounts and low-cost international payments, increasingly competing with GPS for mid-sized US companies seeking transparent cross-border payment pricing.
- Moneycorp: Moneycorp provides cross-border payments and FX services to mid-market corporates and institutions, making it a closely comparable peer to GPS in segment, product set, and customer profile.
- Cambridge Global Payments (FLEETCOR): Cambridge Global Payments, now part of FLEETCOR, is a B2B cross-border payments and FX risk management provider serving mid-market North American companies — directly comparable to GPS's positioning.
Broad incumbents
- Western Union Business Solutions: Western Union's business payments arm (predecessor to Convera) operates a global B2B cross-border payment and FX network; it competes in the same mid-market cross-border payments category as GPS with broader geographic and brand reach.
- Corpay (parent): Corpay (NYSE: corpay) is GPS's parent and a broad B2B payments platform spanning cards, AP automation, fuel, and cross-border payments; its cross-border segment is the closest incumbent proxy given the GPS integration.
- Visa Direct / Visa Cross-Border Solutions: Visa's cross-border and Visa Direct offerings represent network-level competition for B2B cross-border payment flows, increasingly targeting mid-market use cases that GPS serves.
- JPMorgan Treasury & Payments: JPMorgan's Treasury Services and cross-border payments franchise competes for mid-market corporate FX and cross-border payment mandates, often being the incumbent that GPS displaces or complements.
Emerging players
- Kantox: Kantox is a fintech specializing in FX risk management and currency hedging automation for mid-market companies, overlapping directly with GPS's currency risk management offering.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
GPS Capital Markets social profiles
Digital presenceGPS Capital Markets financial estimates
Financial estimateRevenue estimate
Valuation estimate
GPS Capital Markets leadership team
Management profileNumber of profiles
GPS Capital Markets funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
GPS Capital Markets 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 GPS Capital Markets
What does GPS Capital Markets do?
GPS Capital Markets provides B2B cross-border payment execution and currency risk management for mid-sized US companies. Its offerings include global payments, FX hedging, multi-currency accounts, and automated invoice-based international payments, delivered through Corpay's cross-border payments platform covering 200+ countries.
Is GPS Capital Markets a public or private company?
GPS Capital Markets is a private company. It is classified as corporate owned and is currently acquired.
When was GPS Capital Markets founded?
GPS Capital Markets was founded in 2002. It employs 51 to 100 people.
Where is GPS Capital Markets based?
GPS Capital Markets is headquartered in South Jordan, United States, in the North America region.
How does GPS Capital Markets make money?
Two revenue lines are on record. Cross-border payment processing fees are the primary driver. The others are corpay Corporate Payments segment.
Who are GPS Capital Markets's main competitors?
Direct peers on record are OFX, Convera, Wise Business, Moneycorp and Cambridge Global Payments (FLEETCOR). Broad incumbents are Western Union Business Solutions, Corpay (parent), Visa Direct / Visa Cross-Border Solutions and JPMorgan Treasury & Payments. Kantox is listed as an emerging player.
Does GPS Capital Markets have an API?
No public API is recorded for GPS Capital Markets.
What industry is GPS Capital Markets in?
GPS Capital Markets's product category is Cross-Border Payments and FX Services. Its primary akta.pro industry code is FSAMAIAB, SME & Business Cross-Border Payments (B2B), with a secondary code of FSAMAIAL, Trade & Invoice Payments (Cross-Border B2B). Its NAICS code is 522320 and its SIC code is 6199.