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Corpay, Inc., a leading corporate payments company, announced on July 23, 2025, its agreement to acquire Alpha Group International plc (LSE: ALPH) for $2.2 billion (£1.6 billion). This strategic move enhances Corpay’s cross-border FX offerings, targeting the investment fund segment and reinforcing its global leadership in B2B payments.
Corpay’s acquisition of Alpha Group, a UK-based leader in B2B cross-border FX solutions, adds investment funds to its customer segments alongside corporates, financial institutions, and digital currency providers. “We couldn’t be happier to acquire Alpha,” said Ron Clarke, Chairman and CEO of Corpay. “This transaction meaningfully expands our relationships with investment managers and diversifies our revenue streams.” Alpha’s $3 billion in deposits across 7,000+ accounts strengthens Corpay’s foothold in Europe.
Alpha’s alternative bank accounts simplify and accelerate funding for investment managers. “We’re acquiring Alpha for three reasons,” Clarke added. “It’s a fast-growing asset, a leader in alternative bank accounts, and expected to be meaningfully EPS accretive in 2026.” The acquisition leverages Alpha’s technology to expand into the US and Asia, enhancing Corpay’s cross-border solution set. Clive Kahn, CEO of Alpha Group, noted, “Corpay’s global footprint, licenses, and technology will accelerate our growth momentum, particularly in our institutional investor business.”
The $2.4 billion (£1.8 billion) deal offers Alpha shareholders £42.50 per share, a 55% premium over the May 1, 2025, closing price. Structured as a court-sanctioned scheme under the UK Companies Act 2006, the acquisition has unanimous support from Alpha’s board and a commitment from founder Morgan Tillbrook. Expected to close in Q4 2025, the deal will be funded through cash, debt, and non-core divestitures, with Corpay reiterating its Q2 2025 guidance.
Corpay’s acquisition of Alpha Group, backed by its strong financial position (stock at $335.399, per the finance card), positions it to capitalize on the growing demand for efficient cross-border payment solutions. By integrating Alpha’s expertise, Corpay is set to drive innovation and growth in the global B2B payments landscape.
Corpay, the Corporate Payments Company, is a global S&P 500 provider of commercial cards (e.g. business cards, fleet cards, virtual cards) and AP automation solutions (e.g., invoice and payments automation, cross border payments) to businesses worldwide. We help businesses buy things and pay for things. Our solutions “keep business moving” and result in our customers better controlling purchases, mitigating fraud, and ultimately spending less.
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