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← Embedded Finance Index 2026/Vendor

Corpay

Provider
PSPFX / PayoutsSpend / APUnified FXCard IssuingTreasury Management

Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 13 companies across 6 categories.

corpay.com ↗Also analysed as a company — its own stack →
CategoriesPSP, FX / Payouts, Spend / AP, Unified FX, Card Issuing, Treasury Management
Rank#24 of 179 in FX / Payouts
Buyers13 companies
HeadquartersAtlanta, GA, USA

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Founders & story · from Corpay’s own dossier

Originally operating as FLEETCOR Technologies' payments division, Corpay consolidated multiple acquired brands (Cambridge, Nvoicepay, Comdata, AFEX) under a single brand focused on corporate payments, FX, and AP automation. The company expanded from fleet/fuel cards into cross-border payments and business AP automation, positioning itself as the financial OS for mid-market and enterprise AP workflows. The launch of Corpay Complete represented a deliberate shift from point-solution FX to a full spend management platform competing with Tipalti and Coupa. The Cross-Border division operates as an embedded payments infrastructure layer, offering white-label FX and global payments APIs to financial institutions and fintechs.

Recent developments
  • 2026-05Corpay completed refinancing, increasing revolving credit facility by $925M to $3.7B and Term Loan A by $420M to $3.3B, both extended to 2031. source ↗
  • 2025-01Sila partnered with Corpay to improve global FX capabilities, as reported by IBS Intelligence. source ↗
Full dossier: Corpay’s own stack, layer by layer →
Who uses Corpay
13 companies disclose Corpay in their stack
RakutenMicrosoft Dynamics 365Reynolds and ReynoldsPrimarySilaBaswareJack Henry Loan MarketplaceQuadientExpensifyTreasury SuiteCorpay FuelmanManchester City Football Club+1 more
Buyer mix · 13 of 13 classified
Horizontal SaaS / Accounting · 2Marketplace / Two-sided · 2Fintech / Treasury Management · 1Horizontal SaaS / Accounts Payable Automation · 1Horizontal SaaS / Spend Management · 1Horizontal SaaS / Treasury Management · 1Hospitality / SaaS · 1Infrastructure / BaaS · 1
US · 8APAC · 2EU · 2UK · 1
What the disclosures say
Rakuten
“Rakuten Advertising subprocessors list discloses Corpay, Cybersource, and PayPal as payment processors.”
Microsoft Dynamics 365
“Corpay Cross-Border explicitly names its Microsoft Dynamics ERP Integration for cross-border payments in 145+ currencies / 200+ countries, and is listed on Microsoft Marketplace for Dynamics 365 Finance & Operations.”
Reynolds and Reynolds
“Corpay markets a Reynolds-and-Reynolds DMS integration for dealer A/P.”
Primary
“Corpay is named on the homepage as an FX counterparty.”
Sila
“IBS Intelligence article: 'Sila Partners With Corpay to Improve Global FX Capabilities' — Corpay listed as customer/partner; Sila's own blog post describes international money transfer API integration (June 2022).”
Basware
“Basware's partners directory lists CorPay as a Technology Partner for B2B payments, card issuing and transaction processing — CorPay powers the Basware ePayments virtual card program.”
The complete buyer list and each company’s full embedded-finance stack are in the Embedded Finance Index report. Represent Corpay? Claim this profile above to unlock your own full list.
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What Corpay runs on · from its own dossier
The third-party providers Corpay itself discloses, layer by layer — the vendor as a buyer. Distinct from the companies above that disclose Corpay.
Retirement / Wealth
Vestwell
FX / Payouts
Sila
Full dossier with evidence for each layer →
Alternatives to Corpay

Other FX / Payouts providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.

Currencycloud81 buyers →Airwallex80 buyers →Nium67 buyers →Wise Platform58 buyers →Stripe49 buyers →Convera33 buyers →Adyen26 buyers →Visa Direct23 buyers →
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An embeddable badge for Corpay’s own site — it always shows this page’s current rank, so it stays accurate as new disclosures land. States its own denominator; never claims a number this page doesn’t.

Ranked #24 of 179 in FX / Payouts — Embedded Finance Index 2026
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Corpay — frequently asked

Which companies use Corpay?

13 companies are linked to Corpay in the Embedded Finance Index 2026, through their own public disclosures or Corpay's published customer list, including Rakuten, Microsoft Dynamics 365, Reynolds and Reynolds, Primary, Sila, Basware, Jack Henry Loan Marketplace, Quadient, Expensify, Treasury Suite and 2 others.

What does Corpay do?

Corpay is an embedded-finance provider in PSP, FX / Payouts, Spend / AP, Unified FX, Card Issuing and Treasury Management. It ranks #24 of 179 FX / Payouts providers by linked companies.

What are the alternatives to Corpay?

The most-named FX / Payouts alternatives to Corpay are Currencycloud (81 buyers), Airwallex (80 buyers), Nium (67 buyers), Wise Platform (58 buyers), Stripe (49 buyers) and Convera (33 buyers).

Where is Corpay headquartered?

Corpay is headquartered in Atlanta, GA, USA.

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