TORONTO -- Corpay, Inc.*, (NYSE: CPAY) a global leader in corporate payments, announced that its Cross-Border business has partnered with Formula E, the world’s first all-electric FIA World Championship and B Corp Certified sport. Under the agreement, Corpay becomes the exclusive and Official Foreign Exchange Provider of the ABB FIA Formula E World Championship.

The ABB FIA Formula E World Championship brings dramatic racing to the heart of some of the world’s most iconic cities providing an elite motorsport platform for the world’s leading automotive manufacturers to accelerate electric vehicle innovation with the GEN3 Evo race continuing to set a new benchmark as the fastest-accelerating FIA single-seater, rocketing from 0-60 mph in an astonishing 1.82 seconds.

Through this partnership, Corpay Cross-Border will provide comprehensive FX risk management and international payment solutions to support Formula E’s global operations. With races spanning major cities across multiple continents, Formula E operates in a highly dynamic, multi-currency environment — creating a strong strategic fit for Corpay’s expertise in managing foreign exchange exposure and cross-border transactions.

“As a truly global motorsport platform, Formula E operates across numerous currencies and jurisdictions throughout its racing calendar,” said Brad Loder, Chief Marketing Officer, Corpay Cross-Border Solutions. “We are proud to partner with an innovative, forward-thinking championship and to support its international growth with tailored FX and cross-border payment solutions that help mitigate currency risk and drive operational efficiency.”

“Formula E is at the forefront of technology and sustainability, and it is vital that our partners reflect that same forward-thinking approach,” said Max Adkins, Chief Financial Officer, Formula E. “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.”