Corpay, the global financial services company that has developed a strong presence in sports, has struck a new deal, this time with Formula E, the all-electric motor racing series.
Through the tie-up, the Corpay Cross-Border service becomes Formula E's exclusive foreign exchange provider.
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The brand will now provide a range of international payment risk solutions, as well as foreign exchange risk management, to Formula E, which this season is racing in 10 countries.
Max Adkins, chief financial officer at Formula E, has commented: "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."
Commercially speaking, late last month, the Levy Merchandising retail arm of the global hospitality brand entered into a multi-year tie-up with Formula E.
The deal sees Levy Merchandising become the exclusive worldwide e-commerce supplier of Formula E, as well as a licensed products rights-holder for the series, taking charge of the competition's digital rights retail operations globally.
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By GlobalDataIn mid-February, Corpay extended its partnership with the Saudi-backed LIV Golf series. The two parties have had a deal in place since 2024.
February also saw the firm prolong its ties with the Rugby Australia governing body.
Over the past year, Corpay has become a prominent sports sponsor across several major markets.
Recent activity includes deals with ice hockey’s NHL, the International Tennis Federation, and an extension with the SailGP series.
The 2025-26 Formula E campaign began in December and will run until August.
