Corpay acquires GPS Capital Markets, expanding its cross-border payment capabilities.

Corpay, a leading corporate payments company, is acquiring GPS Capital Markets, a fintech firm specializing in foreign exchange services and treasury management solutions. The deal, expected to close in early 2025, will expand Corpay's cross-border payment capabilities, allowing it to process payments for 23,000+ clients across 145+ currencies in six continents. The acquisition is projected to be accretive to Corpay's 2025 cash EPS and contribute significantly to its goal of scaling Corporate Payments business to nearly $2B by 2026.