Corpay and Levantor partner to deliver market-leading payments solution

Oct 14, 2024
2 min read

(This article was originally published by Corpay on 28 October 2024 and can be seen on their Web site here)

CORPAY AND LEVANTOR PARTNER TO DELIVER MARKET-LEADING PAYMENTS SOLUTION

New partnership offers enterprise customers enhanced operational simplicity and financial flexibility.

ATLANTA, GA. and LONDON, UK - (October 28, 2024) – Corpay, a global leader in business payments, and Levantor, a market-leading alternative supply chain financing provider, are pleased to announce their strategic partnership. This collaboration aims to provide a comprehensive solution that minimizes operational payment burdens and maximizes rebates for enterprise customers.

The partnership offers extended payment terms with suppliers and enables trading on terms that suit both parties, resulting in decreased costs, improved supplier and customer relationships, and increased capital structure flexibility. By combining Corpay’s best-in-class payment solutions with Levantor’s innovative working capital offerings, clients can choose not only how they pay their suppliers but also when.

“We are thrilled to join forces with Corpay. This partnership aligns perfectly with our objective to support North American businesses in optimizing their cash flow and relationships with suppliers and customers,” said Mike Humphreys, Chairman and Founder of the Levantor Group.

“Solving a major pain point for teams in procurement, treasury, finance, sales, and credit of enterprise clients with one solution is unrivaled and hugely exciting,” added Alistair Anderson, Managing Director of the Levantor Group.

“At Corpay, we are committed to delivering unmatched value to our clients,” stated Matt Mindrum, VP of ERP Channel. “Our partnership with Levantor enhances our ability to offer solutions that optimize working capital, improve efficiency, and support businesses as they navigate the complexities of today’s global markets.”

Mindrum continued, “By integrating Levantor’s advanced technology into our payment automation platform, we empower clients to streamline processes, reduce costs, and unlock new growth opportunities. This collaboration marks a significant milestone in Corpay’s continued expansion and commitment to driving success for our clients.”

About Levantor

Levantor Capital provides simple, scalable working capital to customers of global manufacturers to increase sales by providing optimised payment terms. To date teams in the UK, Switzerland and the US have managed financing worth in excess of $17 billion due to their innovative platform and panel of 30+ banks, insurance companies, and credit funds.

For more information, please visit www.levantor.com

About Corpay

Corpay (NYSE: CPAY) is a global S&P 500 corporate payments company that helps businesses and consumers manage and pay expenses in a simple, controlled manner. Corpay’s suite of modern payment solutions helps its customers better manage vehicle-related expenses (e.g., fueling and parking), travel expenses (e.g., hotel bookings), and accounts payable (e.g., paying vendors).

Through its unified spend management platform, Corpay Complete, Corpay offers a range of solutions including Payments Automation, Invoice Automation, Procure-to-Pay, Expense Management, and Commercial Card programs. These solutions empower clients to automate, secure, and streamline business payments while reducing overall costs. An S&P 500 and Fortune 1000 company, Corpay processes 1.9 billion transactions annually and is the #1 B2B commercial Mastercard issuer in North America.

This results in our customers saving time and ultimately spending less. Corpay – Payments made easy. To learn more, visit www.corpay.com.