What is Corpay?
Corpay is dedicated to empowering businesses of all sizes to optimize their expense tracking, management, and payment processes. The company offers a robust suite of digital payment solutions, including Bill Payment, AP Automation, Cross-Border Payments, Currency Risk Management, and Commercial Card Programs. By providing these integrated tools, Corpay aims to streamline financial operations and enhance efficiency for its global clientele, positioning itself as a key player in the fintech and business services industry.
How much funding has Corpay raised?
Corpay has raised a total of $45M across 10 funding rounds:
Private Equity
$540K
Debt
$500K
Private Equity
$2.4M
Private Equity
$3M
Series D
$1.3M
Multiple Rounds
$13.8M
Private Equity
$10M
Series B
$13.5M
Private Equity (2009): $540K, investors not publicly disclosed
Debt (2010): $500K, investors not publicly disclosed
Private Equity (2010): $2.4M, investors not publicly disclosed
Private Equity (2014): $3M featuring Equilibrium Capital Group, LLC and Mosaik Partners, LLC
Series D (2014): $1.3M, investors not publicly disclosed
Private Equity (2015): $6M with participation from Silicon Valley Bank and Mosaik Partners
Series A (2015): $6M led by Silicon Valley Bank and Mosaik Partners
Debt (2015): $1.8M, investors not publicly disclosed
Private Equity (2016): $10M featuring Napier Park Global Capital
Series B (2018): $13.5M backed by Napier Park Global Capital
Key Investors in Corpay
Napier Park Global Capital
Napier Park Global Capital is an investment firm that likely focuses on providing capital solutions and strategic financial backing to growing companies, potentially across various sectors.
Silicon Valley Bank
Silicon Valley Bank is a financial institution known for supporting technology and innovation-focused companies, offering a range of banking and financing services tailored to the startup and growth-stage ecosystem.
Mosaik Partners
Mosaik Partners is an investment firm that appears to specialize in providing strategic capital and partnership opportunities, likely with a focus on companies within the financial technology and business services sectors.
What's next for Corpay?
With the recent strategic investment and substantial overall capital raised, Corpay is poised for accelerated growth and innovation. The company is likely to focus on expanding its service offerings, enhancing its technological infrastructure, and broadening its market reach. This significant backing suggests a strategic push towards solidifying its position as a dominant force in the business payments landscape, potentially through further product development and strategic acquisitions. The company's trajectory indicates a strong emphasis on scaling its operations to meet the evolving demands of global commerce.
See full Corpay company page
