What corpay.com.br does

Corpay (formerly FLEETCOR Technologies) is a US-domiciled, publicly traded corporate payments company that delivers an integrated suite of payment, spend management, and FX solutions to more than 800,000 business customers worldwide. Founded in 2000 and rebranded from FLEETCOR to Corpay in 2018, the parent entity Corpay, Inc. is an S&P 500 constituent managing over $400 billion in annual payment volume across 140+ currencies and 200+ countries. Its product portfolio spans Commercial Cards (Corpay Mastercard and Corpay World Elite Mastercard, issued by Fifth Third Bank, N.A. under a Mastercard license, plus Virtual/Ghost and Prepaid Cards), AP Automation (payments, invoice, and PO automation with ERP integrations), Cross-Border Payments (global payments, multi-currency accounts, currency risk management with forward contracts), Fuel & Fleet Cards (Comdata and Corpay One), and Workforce Lodging — all unified under the Corpay Complete platform.

The technology stack is built around Corpay Complete as a unified spend management architecture, with documented ERP integrations (notably NetSuite) and an embedded 'Corpay AI' intelligence layer that delivers plain-language answers and real-time insights across the product suite. The company operates through wholly-owned subsidiaries including AFEX, Cambridge Mercantile, Comdata, Nvoicepay, and Alpha FX, each holding Money Services Business (or equivalent) licensing in their respective jurisdictions — including the US, Canada, UK, Ireland, Australia, Singapore, New Zealand, Jersey, and Malta — with an additional local Brazilian presence via corpay.com.br.

Corpay monetizes primarily through transaction-based fees on card spend, FX spreads on cross-border payments, interchange economics on commercial card programs, and subscription/recurring revenue on AP Automation. The company pays more than $800 million in annual rebates back to customers (including 1.5% cash back on World Elite Mastercard purchases and 4% extra savings at 16,000+ hotels and restaurants). Go-to-market is sales-led, combining dedicated enterprise field sales teams per product line, regional branch offices for global coverage, and a self-service online trading platform for FX forward contract booking. The company holds the #1 position as Commercial Mastercard issuer in North America and serves enterprise customers across verticals such as Automotive, Hospitality, Construction, Education, Senior Living, Government, Manufacturing, Financial Institutions, Sporting Organizations, Private Markets, and Entertainment & Media.

Name

corpay.com.br

Legal name

Corpay, Inc.

Website

https://corpay.com.br

Company type

Public

Founded year

2000

Operating status

Operating

Short description

Corpay (formerly FLEETCOR) is a publicly traded S&P 500 corporate payments company offering commercial cards, AP automation, cross-border payments, fuel/fleet cards, and workforce lodging to more than 800,000 businesses across 200+ countries via the unified Corpay Complete platform.

Ownership category

akta.pro rank

Product category

Corporate Payments Software

NAICS

Credit Card Issuing (522210), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Finance Services (6199)

akta.pro primary industry

Corporate Cards & Expense Solutions (T&E, purchasing, fleet) (FSABAIAG)

akta.pro secondary industries

Corporate Cards & Spend Controls (FSAGAJAF), Card Issuing Platforms (Issuer Processing) (FSAGABAD), Multi-Currency Accounts, Wallets & FX Management (Consumer/SME) (FSAGAKAF), Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB), Commercial & Corporate Card Schemes (FSAMAAAF)

Keywords

• Corporate payment solutions
• AP automation software
• Cross-border payments
• Commercial card programs
• Fuel fleet cards

Headquarters

HQ city

São Paulo

HQ country

Brazil

HQ region

Latin America

Offices9 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Commercial Card Programs: Revenue generated from commercial card programs including corporate cards, purchasing cards, virtual cards, and prepaid cards. Card issuers include Fifth Third Bank, N.A. under Mastercard license.
2. Cross-Border Payments: Fees from international payment processing, currency exchange, and FX risk management services across 200+ countries and 140+ currencies.
3. AP Automation: Accounts payable automation services including invoice automation, payment automation, and PO automation with ERP integrations.
4. Fuel & Fleet Cards: Fuel card programs for fleet management including fuel spend control, driver payments, compliance, and fraud prevention through Comdata brand.
5. Rebates & Cash Back: Cash rebates and cash back programs on card spending, including World Elite Mastercard 1.5% cash back on all purchases.
6. Workforce Lodging: Corporate lodging and travel management services through Corpay Lodging.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels9 records

Core offering

Corpay provides an AI-powered corporate payments platform that unifies commercial card programs (Corpay Mastercard, World Elite Mastercard, virtual and prepaid cards), accounts payable automation, cross-border payments with FX risk management in 140+ currencies across 200+ countries, fuel and fleet cards (Corpay One, Comdata), and workforce lodging/travel management. The unified Corpay Complete platform gives businesses real-time visibility and control over employee spend, vendor payments, and purchasing, with Mastercard-issued card products, ERP integrations, and cash rebate programs.

Product overview

Corpay is a corporate payments company offering a unified platform (Corpay Complete) that integrates Commercial Cards, AP Automation, Cross-Border Payments, Fuel & Fleet Cards, and Workforce Lodging. The Commercial Cards suite includes Corpay Mastercard®, World Elite Mastercard®, Virtual & Ghost Cards, Expense Management, and Prepaid Cards. AP Automation covers Payments Automation, Invoice Automation, PO Automation, and ERP Integrations. Cross-Border Payments includes Global Payments, Currency Risk Management with Forward Contracts, Multi-Currency Accounts, and Global Invoice Automation. Fuel & Fleet offerings span Corpay One and Comdata brands. Workforce Lodging manages corporate travel. All products are powered by Corpay AI for built-in intelligence. Corpay Mastercards are issued by Fifth Third Bank, N.A. pursuant to a Mastercard license.

Differentiator

Problem solved

Functional benefit

Brands

• Comdata: Fuel cards, driver payments, compliance, and fleet technology for trucking fleets.
• Corpay One
• Corpay Lodging
• Corpay Complete
• Corpay Mastercard
• Corpay World Elite Mastercard

Products and services

• Corpay Complete Unified platform that consolidates corporate cards, AP automation, cross-border payments, and spend management end to end for businesses.
• Commercial Cards Suite of corporate card products providing total control over employee spend, vendor payments, and purchasing across T&E, purchasing, and travel.
• Corpay Mastercard Commercial Mastercard offering issued by Fifth Third Bank, N.A. providing unified spend management across employee, purchasing, and travel expenses.
• Corpay World Elite Mastercard Premium commercial Mastercard with 1.5% cash back on all purchases and 4% extra savings at 16,000+ hotels and restaurants, plus stronger controls and elevated benefits for high-spend business users.
• Virtual & Ghost Cards Instant, secure virtual payment cards for vendor payments, subscriptions, and one-time spend, enabling real-time control and virtual card number issuance.
• AP Automation Accounts payable automation suite covering payments automation, invoice processing, PO automation, and ERP integrations to eliminate manual payables workflows.
• Cross-Border Payments Global payments and currency risk management solution enabling businesses to move money in 140+ currencies to over 200 countries with built-in FX risk protection.
• Forward Contracts Currency hedging instruments enabling businesses to lock in exchange rates for future settlement dates, including fixed forwards, open forwards, window forwards, and non-deliverable forwards, bookable via an online trading platform with independent drawdown capability.
• Multi-Currency Accounts Secure business accounts denominated in multiple currencies enabling businesses to receive and pay out foreign currencies in their own name.
• Corpay One Fuel & Fleet Cards Fuel card and fleet management solution controlling fuel spend, preventing misuse, and tracking every gallon in real time for fleet operators.
• Comdata Fuel card, driver payments, compliance, and fleet technology solution for trucking fleets, including real-time reporting and fraud prevention, delivered through the Comdata subsidiary.
• Corpay Lodging (Workforce Lodging) Corporate lodging and workforce travel management solution providing workforce travel booking, built-in savings, and centralized billing with real-time visibility.

Quantifiable outcome

• Reduce AP processing costs by up to 80%
• +4 more outcomes

Named customers8 records

Segments6 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability2 records

Feature7 records

Partnerships

Two partnerships are on record, tiered core.

• Fifth Third Bank, N.A.coreChannel Partner/ Reseller/ DistributorFifth Third Bank, N.A. issues Corpay and Comdata Mastercard products pursuant to a license by Mastercard International Incorporated. This is a core card issuing partnership enabling the commercial card product line.
• Mastercard InternationalcoreTechnology or IntegrationMastercard International provides the payment network infrastructure and licensing for Corpay's commercial Mastercard products including Corpay Mastercard, World Elite Mastercard, and related card programs.

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• WEX Inc. WEX is a direct peer in commercial fleet cards, corporate payments, and spend management. Both companies issue Mastercard-branded fleet and corporate cards and serve overlapping enterprise and mid-market customers across North America.
• Brex: Brex is a direct competitor in commercial cards and corporate spend management, with an integrated payments platform and aggressive rebate economics targeting both startups and large enterprises — overlapping directly with Corpay's commercial card and AP automation suite.
• Ramp: Ramp competes directly in corporate cards, expense management, and AP automation for mid-market and enterprise. Its software-first approach and aggressive cash-back rebates directly pressure Corpay's commercial card value proposition.
• Bill.com: Bill.com is a direct peer in AP automation, invoice processing, and B2B payments. Both target the same finance-organization pain points (manual AP, fragmented payments) and compete for ERP-integrated spend automation mandates.
• Wise: Wise is a direct competitor in cross-border payments, multi-currency accounts, and FX. Corpay's cross-border business and Wise's international money movement platform serve overlapping SMB and enterprise use cases.

Emerging players

• Airbase: Airbase is an emerging player in AP automation, virtual cards, and spend controls, focusing on mid-market with software-led onboarding. It competes with Corpay's AP Automation and virtual card products in overlapping segments.

Broad incumbents

• Western Union Business Solutions: Western Union Business Solutions is a broad incumbent in international payments and FX risk management for businesses. It overlaps with Corpay's cross-border business and competes for treasury and AP teams managing international vendor payments.
• SAP Concur: SAP Concur is a broad incumbent in corporate expense management and travel booking with deep enterprise ERP penetration. It is highly comparable to Corpay's expense management and workforce lodging offerings.
• Citi Commercial Cards: Citi Commercial Cards is a broad incumbent offering corporate cards, purchasing cards, and treasury solutions to multinational enterprises. It competes for the same Fortune500 and global corporate card mandates as Corpay.
• Visa Commercial Solutions: Visa Commercial Solutions is the competing network and card solutions provider for B2B payments. Visa's commercial card network and B2B Connect compete for issuer partnerships and acceptance that Corpay depends on through its Mastercard relationship.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/getcorpay
• YouTubeyoutube.com/@GetCorpay
• Facebookfacebook.com/corpayinc
• LinkedInlinkedin.com/company/sem-parar-empresas

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries14 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about corpay.com.br