Corpay, Inc., a leading corporate payments company, has announced a definitive agreement to acquire Alpha Group International plc, a prominent B2B cross-border FX provider, for approximately $2.2 billion (£1.6 billion). The acquisition marks Corpay’s strategic entry into the investment fund segment, complementing its existing base of corporates, financial institutions, and digital currency providers. Alpha, which serves UK and European investment managers through its innovative alternative bank accounts, currently holds about $3 billion in deposits across 7,000 client accounts. “We couldn’t be happier to acquire Alpha.
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This transaction meaningfully expands our relationships with investment managers and results in four Cross Border customer segments: corporates, financial institutions, investment funds and digital currency providers,” said Ron Clarke, Chairman and CEO of Corpay. The acquisition is expected to be accretive to earnings per share by 2026, while strengthening Corpay’s global FX platform with Alpha’s technology, product suite, and European market reach. “We’re delighted to consummate this transaction with Corpay,” said Clive Kahn, CEO of Alpha Group. “Corpay’s position as the leading non-bank provider of B2B cross border solutions is the perfect home for our people and will broaden their career prospects over time.”