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Corpay, Inc., a FLEETCOR Technologies company (NYSE: FLT), is a leading global provider of business payment solutions dedicated to helping companies of all sizes better manage, track, and pay their expenses. Corpay offers a comprehensive suite of online payment solutions, including Bill Payment, AP Automation, Cross-Border Payments, Currency Risk Management, and Commercial Card Programs. As the #1 B2B commercial Mastercard® issuer in North America, Corpay processes over a billion transactions each year, ensuring businesses gain complete control and visibility of all transactions while simultaneously reducing costs and maximizing efficiency.
With its recent partnership with Reveel, Corpay has expanded its capabilities by integrating advanced parcel spend management tools into its payment automation platform. This collaboration empowers businesses to streamline their financial operations, optimize costs, and make informed decisions with real-time data. The joint solution also offers cash rebates on most AP transactions, providing additional revenue opportunities for businesses.
Headquartered in Irvine, California, Corpay serves over 500,000 commercial accounts with millions of cardholders across the United States, Canada, Mexico, Europe, Africa, and Asia. The company has experienced significant growth, driven by its core principles of determination, outstanding value, industry-leading products, and a commitment to quality. Over the last decade, Corpay has grown more than 40%, maintaining its position as the world’s largest provider of commercial fleet card programs.
Corpay’s financial technology solutions are designed to consolidate card programs, manage expenses on-the-go, and automate payment workflows. This ensures businesses can mitigate the risk of payment fraud, manage their payment remittance information securely, and achieve compliance with a robust security infrastructure. Corpay’s innovative products and strategic partnerships continue to revolutionize the financial management landscape, providing businesses with the tools they need to succeed in a competitive market.
Fleetcor Technologies, Inc. (NYSE: FLT) reported all-time record revenues and adjusted net income for Q4 and fiscal 2021. Revenues soared 30% to $802.3 million in Q4, while net income reached $225 million, marking a 7% increase. Adjusted net income surged 18% to $304.9 million. For the full year, revenues rose 19% to $2.83 billion, with net income hitting $839.5 million, a 19% increase. Guidance for 2022 anticipates total revenues between $3.19 billion and $3.25 billion, with adjusted EPS growth in the mid-teens. The company also announced a $1 billion increase in share repurchase authorization.
FLEETCOR Technologies (NYSE: FLT) announced a minority investment in Motorq, a connected-car data company, and a follow-on investment in Mina, a digital recharging platform. These partnerships aim to streamline the charging and payment process for commercial fleets using electric vehicles (EVs). The investments enhance FLEETCOR’s and its partners' capabilities in managing fleet data and operations, especially for EVs. This strategic move positions the company for growth in the U.S. and European markets as the adoption of EVs accelerates.
FLEETCOR Technologies, Inc. (NYSE: FLT) will host a conference call to discuss its fourth quarter and fiscal year financial results on February 8, 2022, at 5:00 PM ET. The call will feature CEO Ron Clarke, CFO Charles Freund, and Jim Eglseder from investor relations. A press release with financial results will be issued after market close that day. Investors can access the call via the company’s investor relations website or by phone.
FLEETCOR is a global business payments company, streamlining expense management across regions including North America, Latin America, Europe, and Asia Pacific.
Corpay, a brand of Fleetcor (NYSE: FLT), has been designated as a Diamond-level Sponsor and endorsed provider for the Small Business Association for International Companies (SBAIC). This partnership allows nearly 200 small businesses in the U.S. to leverage Corpay's cross-border payment solutions and foreign currency exchange services. The collaboration aims to help SBAIC members manage foreign exchange exposure and streamline global payments, enhancing their international business operations. Corpay's VP of Channels expressed confidence that this relationship will significantly benefit SBAIC's members.
Fuelman introduces a new solution to enable fleet customers to manage electric vehicle (EV) charging and reimburse employees for home charging. This platform tracks all EV charging events and integrates with existing Fuelman cards, facilitating payments across popular apps where Mastercard is accepted. The initiative supports businesses transitioning to EVs, simplifying fleet management. Alexey Gavrilenya noted the increasing complexity of fueling as companies adopt EVs, while Keagan Russo emphasized convenience and data insights for better fleet management.
Fuelman, a subsidiary of FLEETCOR (NYSE: FLT), has announced a strategic partnership with CarAdvise, a leader in digital vehicle maintenance. This collaboration integrates Fuelman’s fuel management solutions with CarAdvise’s maintenance SaaS platform, aiming to enhance fleet operations for small and medium-sized businesses (SMBs). With a focus on reducing costs and complexities, the partnership offers features like national discounts and price transparency for vehicle maintenance. FLEETCOR is investing $5 million to support CarAdvise's growth, with card members expected to access benefits by January 2022.
FLEETCOR Technologies, Inc. (NYSE: FLT) will host a fireside chat at the Credit Suisse 25th Annual Technology Conference on Tuesday, November 30, 2021, starting at 9:30 am MST in Scottsdale, Arizona. Investors can access the presentation through the Company's investor relations website. FLEETCOR is a global business payments company that helps businesses manage and pay expenses through automation and digitization, serving clients across North America, Latin America, Europe, and Asia Pacific.
FLEETCOR Technologies (NYSE: FLT) announced its participation in Citi’s 2021 FinTech Virtual Conference on Monday, November 15, 2021, at 9:00 AM ET. Investors can access the presentation via the Company’s investor relations website. FLEETCOR is a leading global business payments company that simplifies expense management for businesses across North America, Latin America, Europe, and Asia Pacific.
Archie L. Jones, Jr. has been recognized by Savoy Magazine as one of the 2021 Most Influential Black Corporate Directors. He serves as a Managing Director at Six Pillars Partners and is a board member of Fleetcor Technologies (FLT). With extensive experience in private equity and corporate strategy, Jones has held senior roles at major firms such as Merrill Lynch and IBM. He is also a Professor at Harvard Business School, focusing on finance and entrepreneurial management, and has received accolades for his innovative contributions to education.
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