FLEETCOR (NYSE:FLT) evolves to Corpay
FLEETCOR Technologies (NYSE:FLT), a premier global payments firm, is embarking on a new chapter by rebranding itself as Corpay, effective March 25, 2024.
With this change, it will adopt a new ticker symbol, CPAY, on the New York Stock Exchange, signifying a pivotal shift in its strategic direction.
This rebranding initiative is designed to more accurately reflect the breadth and depth of the company's corporate payment solutions.
By transitioning to the Corpay name, the company underscores its evolution from primarily focusing on fleet payments to encompassing a wide range of corporate payment services.
This strategic realignment is in harmony with Corpay's ambition to be at the forefront of offering an expansive array of business payment solutions.
As a distinguished member of the S&P 500 and the foremost B2B commercial Mastercard issuer in North America, Corpay (formerly FLEETCOR) boasts an impressive global clientele of over 800,000 business clients.
In 2023 alone, the company reported revenues of $3.75 billion, a testament to its strong market presence and operational excellence.
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