Alpha’s Banking Tech Becomes Corpay’s Launchpad
Founded to serve corporate clients and investment managers across Europe, Alpha manages about $3 billion in deposits for over 7,000 accounts, specializing in cross-border payments and alternative banking solutions. The acquisition will give Corpay a commanding foothold in the rapidly evolving alternative banking market, opening doors to global expansion with enhanced product offerings.
“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, Corpay’s chair and CEO.
He added that Alpha is “a fast-growing, complementary asset” that will bolster Corpay’s earnings beginning in 2026.
Board Unanimously Backs the Deal
Alpha’s board of directors has thrown its full support behind the acquisition and will urge shareholders to approve the transaction. Founder and former CEO Morgan Tillbrook, a major shareholder, has already signed an “irrevocable undertaking” pledging his support.
Current Alpha CEO Clive Kahn echoed the optimism, calling Corpay “a perfect home” for Alpha’s workforce. “Corpay’s global footprint, licenses, and technology will accelerate our growth momentum, particularly in our institutional investor business,” he said.