# AFEX

> AFEX (Associated Foreign Exchange) is a global payments and currency risk management business founded in 1979 and acquired by FLEETCOR in 2021. Its services and legacy entities became part of Corpay Cross-Border, combining business payment execution, currency expertise and payment technology.

- **Founded:** 1979
- **Headquarters:** Los Angeles, United States
- **Products:** AFEXDirect, Global payments and spot foreign exchange, Currency risk management, AFEX payment APIs
- **Notable:** Operating heritage dates to 1979., Chosen as a payment infrastructure partner by CurrencyTransfer.com in 2018., Acquired by FLEETCOR on June 1, 2021.

## Products & services

- **AFEXDirect** — Historical online platform for international invoices and visibility into currency exposure. Documented by 2015; launch year unverified.
- **Global payments and spot foreign exchange** — International payment execution and currency conversion for commercial and private clients.
- **Currency risk management** — Foreign exchange consultation and hedging tools, including forward contracts; terms and availability depend on entity and jurisdiction.
- **AFEX payment APIs** — Payment infrastructure integrated into partner applications, including CurrencyTransfer.com in 2018.

## Achievements

- Operating heritage dates to 1979.
- Chosen as a payment infrastructure partner by CurrencyTransfer.com in 2018.
- Acquired by FLEETCOR on June 1, 2021.
- At acquisition close, AFEX and Cambridge together reported over $65 billion in annual payment volume, approximately 30,000 customers and more than 145 currencies.

## Latest updates

- **2026-10** — Successor Corpay Cross-Border API documentation added mark-to-market reporting for eligible forwards on October 2 and enhanced IP whitelisting on October 19. These are successor-platform updates, not independent AFEX launches.
- **2026-10** — Corpay Cross-Border online-platform release notes introduced a permission to control multi-currency-account nickname changes on October 16.
- **2024-03** — FLEETCOR adopted the corporate name Corpay and began trading as CPAY on March 25.

## Links

- Website: https://www.corpay.com/cross-border
- LinkedIn: https://www.linkedin.com/company/associated-foreign-exchange
- Twitter/X: https://twitter.com/_AFEX
- YouTube: https://www.youtube.com/@GetCorpay
- Facebook: https://www.facebook.com/corpayinc/

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Profile page: https://yespress.io/afex
Published by YesPress — https://yespress.io
Last updated: 2026-10-25