Corpay Expands Sports Sponsorships with Formula E Partnership

Corpay, a global financial services company, has entered into a new partnership with Formula E, the all-electric motor racing series. Through this agreement, Corpay Cross-Border becomes the exclusive foreign exchange provider for Formula E, offering a range of international payment and foreign exchange risk management solutions to the series, which races in 10 countries [1].

Streamlining Global Financial Operations

Max Adkins, chief financial officer at Formula E, stated that the partnership with Corpay will streamline the series’ global financial operations in a dynamic, multi-currency environment [1]. The collaboration aims to enhance efficiency as Formula E continues to expand its global reach and bring all-electric racing to fans worldwide.

Expanding Corpay’s Sports Portfolio

This deal adds to Corpay’s growing portfolio of sports sponsorships. Recently, Levy Merchandising, a retail arm of the global hospitality brand, entered into a multi-year agreement with Formula E to become the exclusive worldwide e-commerce supplier and a licensed products rights-holder [1].

Recent Sponsorship Activity

Corpay has been actively expanding its presence in the sports industry over the past year. In February 2026, the firm extended its partnership with the Saudi-backed LIV Golf series, a relationship that began in 2024 [1]. It likewise prolonged its ties with Rugby Australia [1]. Other recent sponsorships include deals with the NHL, the International Tennis Federation, and SailGP [1].

Formula E Season Overview

The 2025-26 Formula E World Championship began in December 2025 and is scheduled to conclude in August 2026 [3]. Mitch Evans of Jaguar TCS Racing secured his first win of the season at the Miami E-Prix, climbing from ninth on the grid [1].