CELERAFI CORP. PARTNERS WITH CORPAY TO REVOLUTIONIZE COMMERCE BETWEEN GOVERNMENTS AND SUPPLIERS
CELERAFI CORP. PARTNERS WITH CORPAY TO REVOLUTIONIZE COMMERCE BETWEEN GOVERNMENTS AND SUPPLIERS
New collaboration brings advanced supply chain finance solutions to streamline transactions for local governments and their suppliers.
[City, State] – CeleraFi Corp., a leading fintech company focused on enhancing the financial relationships between local governments and their suppliers, is excited to announce a strategic partnership with Corpay, a global leader in corporate payments and AP automation. This collaboration will integrate CeleraFi’s innovative government-supplier invoice funding platform, CeleraFi FastPay, with Corpay’s advanced AP automation technology to deliver a powerful, streamlined payment solution.
The CeleraFi FastPay platform, supported by Corpay’s cloud-based automated AP technology, enables suppliers to receive faster payments, securing their financial stability and enabling them to grow their businesses. For government entities, the partnership provides enhanced cash flow management and streamlined payment cycles, ensuring that obligations to suppliers are met efficiently and on time.
“We are very excited to partner with Corpay, a global leader in corporate payments, to leverage their AP automation technology and robust global payments capability,” said Jason Bodnick, CEO of CeleraFi Corp. “More importantly, CeleraFi’s government clients and their suppliers will benefit from the speed, security, and simplicity of Corpay’s AP automation platform to quickly and efficiently process invoices for quick payment via our CeleraFi FastPay program.”
By bringing CeleraFi’s FastPay platform to the public sector, both governments and suppliers will have the capital and tools needed to expand public contracting participation for local small and minority-owned businesses. This solution promotes community growth by providing risk-free working capital, driving innovation, and strengthening local economies. Corpay’s AP automation platform also provides real-time visibility invoice and payment statuses, reduces processing and reporting costs, and safeguards against fraudulent transactions.
“Our partnership with CeleraFi enhances our ability to offer solutions that optimize working capital with our supplier network, improving efficiency and unlocking new growth opportunities,” said Matt Mindrum, VP of ERP Partner Channel & Program at Corpay. “By integrating CeleraFi’s advanced technology into our payment automation platform, we empower clients to streamline processes, reduce costs, and unlock new growth opportunities. This collaboration marks a significant milestone in Corpay’s continued expansion and commitment to driving success for our clients.”
About CeleraFi Corp
CeleraFi’s provides a proprietary government-supplier invoice funding platform that enables government suppliers to be paid early (“Suppliers Get Paid Early”), securing their businesses’ financial health, and governments are afforded ability to optimize their cashflows and payment cycles (“Government Can Pay Later”). CeleraFi’s FastPay platform provides risk free working capital for government suppliers without complex and costly conventional financing obligations while extending longer payment terms for participating governments. Using the FastPay platform, government agency staff and their supplier partners save thousands of hours annually, enhance visibility, increase accuracy, and improve efficiency while reducing paper, fraud risks, and operating costs. Working capital without restrictions fuels innovation, economic growth, and expands public contracting participation for local SMB and MBE companies - the community wins. Learn more at celerafi.com
About Corpay
Corpay (NYSE: CPAY) is a global S&P 500 corporate payments company that helps businesses and consumers manage and pay expenses in a simple, controlled manner. Corpay’s suite of modern payment solutions help its customers better manage vehicle-related expenses (e.g. fueling and parking), travel expenses (e.g. hotel bookings) and accounts payable (e.g. paying vendors).
Through its unified spend management platform, Corpay Complete, Corpay offers a range of solutions including
Payments Automation, Invoice Automation, Procure-to-Pay, Expense Management, and Commercial Card programs.
These solutions empower clients to automate, secure, and streamline business payments while reducing overall costs. An S&P 500 and Fortune 1000 company, Corpay processes 1.9 billion transactions annually and is the #1 B2B commercial Mastercard issuer in North America.
This results in our customers saving time and ultimately spending less. Corpay – Payments made easy. To learn more visitwww.corpay.com.
Press Inquiries
Jason Bodnick
CEO
CeleraFi Corp
+1 (561) 440-9065
Matt Mindrum
VP ERP Channel
Corpay
matt.mindrum@corpay.com