Corpay, Inc.’s Cross-Border business has established an agreement with Vålerenga Fotball AS, designating Corpay as the football club’s Official Foreign Exchange (FX) Supplier.
Under this partnership, Corpay Cross-Border will provide comprehensive FX risk management solutions to support Vålerenga Fotball AS’s operations. The platform is also designed to enable the club to manage global payments through a single point of access.
Brad Loder, Chief Marketing Officer, Corpay Cross-Border Solutions, stated, “This partnership reinforces Corpay’s position as a leading provider of corporate payments and currency risk management solutions within professional football, while giving us a strong platform to expand our brand and business in Norway.” He added that Corpay looks forward to supporting the club in the Eliteserien, Norway’s top-tier football league.
Harald Gjervik, COO of Vålerenga Fotball AS, commented, “We are pleased to be able to use Corpay’s modern currency solutions. They will help provide us with predictability during periods of significant fluctuations.”
Corpay, Inc. (NYSE: CPAY) is a global S&P500 corporate payments company that offers solutions for businesses and consumers to manage expenses. Its services aim to simplify vehicle-related expenses, travel expenses, and payables.
Vålerenga Fotball AS is a Norwegian football club with a history that includes league titles in the 1960s and 1980s, and a championship in 2005, along with a Norwegian Cup title in 2008. The club moved into Intility Arena in 2017, and its men’s team achieved a bronze medal in the 2020 league season.
