Formula E inks new deal with Corpay

Formula E has signed a new partnership agreement with corporate payments firm Corpay, which will see Corpay’s Cross-Border business join the electric motor-racing series as the Exclusive and Official Foreign Exchange Provider. The partnership will see Corpay Cross-Borner provide Formula E with FX risk management and international payment solutions to support their operations. 

Max Adkins, Chief Financial Officer, Formula E, commented,

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

Brad Loder, Chief Marketing Officer, Corpay Cross-Border Solutions, said,

“As a truly global motorsport platform, Formula E operates across numerous currencies and jurisdictions throughout its racing calendar. 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.”