The world of electric motorsport continues to attract significant commercial interest, with Formula E announcing a new partnership with Corpay, a global leader in financial services. The deal designates Corpay’s Cross-Border service as the exclusive foreign exchange provider for the racing series, bolstering its financial infrastructure as it expands its global footprint.
This collaboration comes as Formula E navigates an increasingly complex international landscape, racing in ten countries during the 2025-26 season. The partnership will provide a range of international payment risk solutions and foreign exchange risk management tools, streamlining financial operations for the series. According to Max Adkins, chief financial officer at Formula E, “Partnering with Corpay allows us to streamline our global financial operations across a highly dynamic, multi-currency environment. We seem forward to working together as we continue to bring the excitement of all-electric racing to fans around the world.”
The financial services firm is rapidly increasing its presence in the sports world. Just last month, Levy Merchandising, a retail arm of the hospitality brand, entered into a multi-year agreement with Formula E to grow the exclusive worldwide e-commerce supplier and a licensed products rights-holder, managing the series’ digital retail operations globally.
Corpay’s recent activity demonstrates a broader strategy of investment in major sporting properties. In mid-February, the company extended its existing partnership with LIV Golf, a Saudi-backed golf league, a relationship that began in 2024. Simultaneously, Corpay similarly renewed its ties with Rugby Australia, further solidifying its commitment to the sports industry.
Expanding Portfolio of Sports Partnerships
Over the past year, Corpay has strategically positioned itself as a prominent sponsor across diverse sports markets. This includes partnerships with the National Hockey League (NHL), the International Tennis Federation, and an extension of its collaboration with SailGP. These deals highlight Corpay’s growing recognition of the value of sports sponsorships for brand visibility and business development.
The 2025-26 Formula E season commenced in December and is scheduled to conclude in August, promising a year of competitive racing and expanding global reach. The series continues to be a key player in promoting sustainable motorsport and attracting a growing fanbase.
The addition of Corpay as a key financial partner underscores the increasing commercial viability of Formula E. The series, now in its twelfth season, is attracting significant investment as it establishes itself as a leading force in the future of motorsports. The partnership will allow Formula E to focus on delivering a high-quality racing experience for fans worldwide while managing the complexities of international finance.
Looking ahead, the focus will be on leveraging this partnership to optimize financial processes and support the continued growth of Formula E. The series is poised to capitalize on the increasing demand for sustainable and innovative sporting events, and Corpay’s financial expertise will be instrumental in achieving these goals.
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