Corpay Cross-Border Announces New Collaboration with Greenbackers Investment Capital

Rhea-AI Summary

Corpay, part of FLEETCOR (NYSE: FLT), has partnered with Greenbackers Investment Capital to provide cross-border payments and currency risk management solutions to clean technology companies. This collaboration grants Greenbackers' network access to Corpay's services, streamlining payments and mitigating foreign exchange exposure. Corpay’s EMEA Managing Director, Nathan Cheema, expressed confidence in this partnership benefiting innovative enterprises, while Greenbackers' Managing Partner, Robert Hokin, highlighted Corpay’s expertise in time-sensitive payments as a key advantage.

Positive

• Collaboration with Greenbackers enhances access to Corpay's cross-border payment solutions for clean tech companies.
• Corpay offers expertise in managing foreign exchange exposure, beneficial for Greenbackers' network.

Negative

• None.

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

LONDON--(BUSINESS WIRE)-- Corpay¹, a FLEETCOR® (NYSE: FLT) brand and global leader in business payments is pleased to announce a new collaboration between Corpay’s Cross-Border business and Greenbackers Investment Capital (Greenbackers), a specialist venture firm focused on climate & cleantech capital globally.

Through this collaboration, Greenbackers ecosystem network of clean technology providers and investors will be able to gain access to and utilise Corpay’s innovative solutions to help mitigate foreign exchange exposure for their day-to-day business needs. Additionally, Corpay Cross-Border’s award-winning platform will enable eligible companies to manage their global payments from a single point of access.

“Corpay is truly honored to have the opportunity to collaborate with Greenbackers and providing their growing ecosystem of clean technology companies* access to our global payments and foreign exchange services. I am confident that these companies will benefit from access to our comprehensive cross-border payments and currency risk management solutions, allowing them to better streamline their payments processes and effectively manage their FX exposure,” says Nathan Cheema, Managing Director EMEA, Corpay Cross-Border. “Our team across the EMEA looks forward to helping these innovative enterprises power their cross-border payments, execute plans to manage their currency risk and support their aspirations to grow their businesses globally.”

“Greenbackers is pleased to partner with Corpay Cross-Border and welcome them to our growing support network. Corpay’s in-depth knowledge and expertise in the global payments and currency management space sets them apart – especially with time-sensitive payments and on-demand delivery. They are a natural fit for our growing ecosystem of service Partners and highly relevant to both growing start-ups and funds alike,” says Robert Hokin, Managing Partner, Greenbackers Investment Capital.

About Corpay

Corpay is a global leader in business payments, helping companies of all sizes better track, manage and pay their expenses. Corpay provides customers with a comprehensive suite of online payment solutions including Bill Payment, AP Automation, Cross-Border Payments, Currency Risk Management, and Commercial Card Programs. Corpay is part of the FLEETCOR (NYSE: FLT) portfolio of brands. To learn more visit www.corpay.com

About Greenbackers Investment Capital

Greenbackers is a specialist venture firm focused on climate & cleantech capital globally. Operating from London, Glasgow and Houston, their mission is to accelerate equity capital into investable climate and clean technology businesses. To learn more visit www.greenbackers.com.

¹“Corpay” (a Fleetcor (NYSE: FLT) brand) in this document primarily refers to the Cross-Border Division of Corpay https://payments.corpay.com/cross-border; a full listing of the companies that are part of the Corpay brand is available here: https://payments.corpay.com/compliance.

* Subject to credit and compliance approval from the relevant Corpay company.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221011005014/en/

Corpay Contact:

Brad Loder

VP, Cross-Border Marketing

+1 (647) 627-6635

brad.loder@corpay.com



Greenbackers Investment Capital Contact:

Robert Hokin

Managing Partner

+44 7957 201203

robert.hokin@greenbackers.com

Source: Corpay

FAQ

What is the recent collaboration announced between Corpay and Greenbackers Investment Capital?

Corpay has partnered with Greenbackers Investment Capital to provide cross-border payments and currency risk management solutions to clean technology companies.

How will the partnership between Corpay and Greenbackers benefit clean technology businesses?

The partnership will allow clean technology businesses to access Corpay's payment solutions, helping them mitigate foreign exchange exposure and streamline their payment processes.

What is Corpay's role within FLEETCOR and how does it relate to the partnership with Greenbackers?

Corpay is a brand under FLEETCOR (NYSE: FLT), focusing on business payments and financial solutions, which it provides to Greenbackers' ecosystem of clean technology companies.

When was the collaboration between Corpay and Greenbackers Investment Capital announced?

The collaboration was announced in a press release dated October 11, 2022.

What specific services does Corpay offer to Greenbackers' network of companies?

Corpay provides cross-border payment solutions and currency risk management services to Greenbackers' network of clean technology providers.