Corpay Inc. has completed Mastercard's $300 million minority investment in its cross-border business. The transaction values Corpay's cross-border business at approximately $13.0 billion, including the recently closed Alpha Group PLC acquisition, and gives Mastercard an estimated 2.3% equity stake. Alongside the investment, Corpay and Mastercard have entered into a new commercial partnership to expand Corpay's cross-border services to Mastercard's financial institution customers. Corpay's cross-border segment supports international payments in over 160 currencies and continues to expand its use of Mastercard Move for real-time transactions. Goldman Sachs & Co. LLC served as exclusive financial advisor and Jones Day as legal counsel to Corpay in the deal.