Corpay Cross-Border Named the Official FX Supplier of Vålerenga Fotball AS

Key Terms

foreign exchange (fx) financial

Foreign exchange (FX) is the buying and selling of different countries’ currencies, like swapping dollars for euros or yen, and the market where those swaps set the price of each currency. It matters to investors because currency moves change the value of overseas profits, the cost of importing goods, and returns on international investments—think of it as the exchange rate on a shopping trip that can make the same item much more or less expensive overnight.

fx risk management financial

Foreign exchange (FX) risk management is the set of practices companies use to reduce the chance that changes in currency values will unexpectedly raise costs or lower revenue. For investors, it matters because currency swings can make a company’s reported sales and profits look stronger or weaker even if underlying business is unchanged; think of it as buying an insurance policy or locking a price to avoid surprises from wild exchange-rate moves.

cross-border payments financial

Cross-border payments are transfers of money between people, businesses, or banks in different countries, including wages, supplier invoices, investments, and customer purchases. They matter to investors because they affect a company’s cash flow, costs, and market access—think of them as the international pipes that move funds; if those pipes are slow, expensive, or unreliable, a company’s profits and growth can be reduced.

currency risk management financial

Currency risk management is the set of actions a business or investor uses to shield cash flows, assets or earnings from changes in exchange rates between currencies. It matters to investors because swings in foreign exchange can shrink profits, raise volatility or change the value of cross-border holdings; managing that risk is like buying insurance or locking a price today to avoid an unpleasant surprise later.

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Providing access to currency risk management and cross-border payments solutions

TORONTO--(BUSINESS WIRE)-- Corpay, Inc.*, (NYSE: CPAY) a global leader in corporate payments, is pleased to announce that Corpay’s Cross-Border business has entered into an agreement with Vålerenga Fotball AS to become their Official Foreign Exchange (FX) Supplier.

Through this partnership, Corpay Cross-Border will deliver comprehensive FX risk management solutions to support Vålerenga Fotball AS’s operations. In addition, its award-winning platform will enable the club to manage global payments seamlessly through a single point of access.

“Corpay Cross-Border is proud to be named the Official FX Supplier of Vålerenga Fotball AS,” said Brad Loder, Chief Marketing Officer, Corpay Cross-Border Solutions. “This partnership reinforces Corpay’s position as a leading provider of corporate payments and currency risk management solutions within professional football, while giving us a strong platform to expand our brand and business in Norway. We look forward to supporting the club as they pursue success in the Eliteserien, Norway’s top-tier football league.”

“We are pleased to be able to use Corpay’s modern currency solutions. They will help provide us with predictability during periods of significant fluctuations,” says COO Harald Gjervik.

About Corpay
Corpay, Inc. (NYSE: CPAY) is a global S&P500 corporate payments company that helps businesses and consumers pay expenses in a simple, controlled manner. Corpay’s suite of modern payment solutions help its customers better manage vehicle-related expenses (such as fueling and parking), travel expenses (e.g. hotel bookings) and payables (e.g. paying vendors). This results in our customers saving time and ultimately spending less. Corpay Cross-Border refers to a group of legal entities owned and operated by Corpay, Inc.

Corpay – Payments made easy. To learn more visit www.corpay.com.

About Vålerenga Fotball AS
Vålerenga is a proud club with a proud history! It began with its founding in a cabinetmaker’s workshop on Vålerenggata, continued through the bohemian era and the league title of the 1960s, then into the era of the “new bohemians” and all the victories of the 1980s.

In the 1990s, the club and the supporters’ group Klanen took a historic stand against racism. In Europe, the club enjoyed success with matches against Chelsea F.C., Beşiktaş J.K., and Newcastle United F.C. among its proudest highlights.

In 2005, we won what remains our most recent league championship and celebrated together with tens of thousands of supporters outside Oslo town hall. In 2008, we claimed what remains our most recent Norwegian Cup title, with two local lads scoring our goals.

In the autumn of 2017, Vålerenga moved into Intility Arena, and by securing the bronze medal in the 2020 league season, our men’s team earned its first league medal in its new home.

*“Corpay” in this document primarily refers to the Cross-Border Division of Corpay, Inc. https://www.corpay.com/cross-border; a full listing of the companies that are part of Corpay Cross-Border is available here: https://www.corpay.com/compliance.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260604874585/en/

Brad Loder
Chief Marketing Officer
Corpay Cross-Border Solutions
+1 (647) 627-6635
brad.loder@corpay.com

Source: Corpay, Inc.