Corpay

Corpay, Inc. (formerly Fleetcor Technologies), headquartered in Atlanta, Georgia, provides payments and spend management systems and services that control expense-related purchasing and payment processes. The company focuses on vehicle-related expenses, lodging expenses, and corporate payments.

Corpay, Inc. (formerly Fleetcor Technologies), headquartered in Atlanta, Georgia, provides payments and spend management systems and services that control expense-related purchasing and payment processes. The company focuses on vehicle-related expenses, lodging expenses, and corporate payments. ==History== The predecessor of the company was founded in 1986¹. In August 2000, Ronald F. Clarke was named CEO; at that time, the company was a provider of fuel cards to businesses and its estimated annual revenues were $25 million. In November 2019, the company moved its headquarters to Terminus 100. In October 2023, due to the Russian invasion of Ukraine, the company sold its businesses in Russia for $197 million; it had been criticized for not selling the interests earlier. In 2019, the Federal Trade Commission sued the company for obscuring fees and misleading consumers about fuel card discounts; in 2023 it received an injunction against the company preventing it from continuing the practice. In March 2024, the company changed its name to Corpay. ===Financing=== In June 2002, Summit Partners invested $45 million in the company. In July 2005, Bain Capital invested $75 million in the company. In November 2006, Advent invested $46 million in the company. In December 2010, Fleetcor became a public company via an initial public offering, raising $335 million. ===Contract wins=== ===Acquisitions=== ==References== ==External links==

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