Peachtree Corners, GA based FLEETCOR Technologies, Inc. is a global commercial payments solution provider. Through its portfolio of brands, FLEETCOR helps companies automate, secure, digitize and control payments to, or on behalf of, their employees and suppliers. FLEETCOR serves businesses, partners and merchants in North America, Latin America, Europe, and Asia Pacific.
FLEETCOR’s predecessor company was organized in the United States in 1986, and FLEETCOR had its initial public offering in 2010.
FLEETCOR uses both proprietary and third-party networks to deliver its payment solutions. The company owns and operates proprietary networks with well-established brands throughout the world, bringing incremental sales and loyalty to affiliated merchants. Third-party networks are used to broaden payment product acceptance and use. In 2018, the company processed approximately 2.9 billion transactions within these networks, of which approximately 1.4 billion were related to its gift product line.
The company capitalizes on its products’ specialization with sales and marketing efforts by deploying product-dedicated sales forces to target specific customer segments. The company promotes its products directly through multiple sales channels which includes field sales, telesales and digital marketing, and indirectly through its partners which include major oil companies, leasing companies, petroleum marketers, value-added resellers (VARs) and referral partners
The company has presence in 100 countries, with the United States, Brazil and the United Kingdom being its primary operating regions. These countries contributed nearly 87% of revenues in 2020.
FLEETCOR operates in five categories — fuel, lodging, tolls, corporate payments and gift. It also provides payment products including fleet maintenance, employee benefits and long-haul transportation-related services.
In 2020, FLEETCOR generated $2.39 billion in revenues, up 8.9% year over year. The company has two reportable segments — North America (65% of revenues in 2020) and International (35%).
As of Dec 31, 2020, the company had approximately 8,400 employees worldwide.