Corpay, Inc. (NYSE: CPAY), a global corporate payments company, announced that its Cross-Border division has partnered with Formula E, the all-electric FIA World Championship.Under the multi-year agreement, Corpay Cross-Border will act as the exclusive provider of foreign exchange services for the championship. The partnership includes FX risk management, international payment solutions, and support for cross-border transactions to assist with Formula E’s operations across multiple currencies and countries.
The 2025-26 season, which began in December, includes races in 10 countries.
Max Adkins, Chief Financial Officer at Formula E, stated:
“Partnering with Corpay allows us to streamline our global financial operations across a highly dynamic, multi-currency environment. We look forward to working together as we continue to bring the excitement of all-electric racing to fans around the world.”
Corpay Cross-Border will supply solutions aimed at managing currency exposure, facilitating payments, and supporting efficiency in Formula E’s international activities, including event-related transactions.
This agreement follows other recent partnerships by Corpay in sports, including extensions with LIV Golf and Rugby Australia, as well as deals involving the NHL, International Tennis Federation, and SailGP.The 2025-26 Formula E season continues until August.