Mastercard and Corpay Cross-Border Payments
Summary
Mastercard has made a $300-million investment in the cross-border business unit of Corpay, a corporate payments company whose shares trade on the New York Stock Exchange.The companies are already partners for Mastercard branded purchasing, fleet and prepaid commercial cards issued in the US. Collectively, those cards generate more than $50 billion annually in purchase volume.
Funding
Amount
$300.0M
Total raised
Date
April 29, 2025
Announcement date
Investors
-
Lead investors
Company
http://www.cpsgo.com
Funded company
Classifications
industries
InsurTech
applications
Accounting and Taxes
AskAI Classifications
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