AcquisitionThe acquisition of Alpha Group is viewed as a net positive and consistent with CPAY’s strategy to expand its cross-border payments business, adding capabilities and clients.
Corporate Payments GrowthFollowing close of recent deals, corporate payments will be over 35% of Corpay consolidated revenue, compared with about 19% in 2019.
Organic GrowthSales growth for the aggregate company is still exceeding 30% y/y, improving visibility into sustained double-digit organic revenue growth.