LKL renews partnership with Corpay

Lithuanian basketball continues to attract international brands, with the Lithuanian Basketball League (LKL) announcing its renewed partnership with Corpay*. AFEX is in the process of transitioning to the brand Corpay as part of integration into the group of companies led by AFEX’s new parent company FLEETCOR (NYSE:FLT), and will offer their global payments and currency risk management solutions under the brand Corpay Cross-Border Solutions.

As a leading global payment and risk management solutions provider, AFEX began its association with the LKL at the start of the 2019 season, assisting the league and their partners with their international transactions.

“We’re proud to continue supporting the Lithuanian Basketball League and their community as an Official Partner under the Corpay brand. We’ve cultivated a great working relationship and we look forward to another exciting basketball season together,” said Nathan Cheema, Managing Director EMEA at Corpay.

AFEX has been deeply involved in the sporting industry within Europe and around the world, supporting federations, clubs, athletes, service providers and other organisations involved in the business of sport with international payment solutions and tailored hedging strategies to help reduce risk. As Corpay, AFEX will continue its commitment to the sporting industry and to provide the market expertise and personalised service as supported by its robust technology.

According to LKL President Remigijus Milasius, it is a credit to the Lithuanian Basketball League.

"We are pleased to renew partnership with AFEX as it enters its next phase of growth as Corpay. It is a sign that we live up to the expectations of our partners, which is very important to us. It joins an ever-growing list of international companies working with the Lithuanian Basketball League

About Corpay Cross-Border Solutions

Global businesses trust Corpay Cross-Border to power their international payments, execute plans to manage their currency risk and support their growth around the world. We aim to deliver unmatched service and expertise with respect to moving money globally. Utilising our proprietary payment automation technology and currency risk mitigation solutions, we take pride in connecting companies large and small with the global financial markets and businesses all over the world. Learn more at www.corpay.com.

* "Corpay" is a brand name used by AFEX and Cambridge Global Payments in several countries and jurisdictions.

"AFEX" is the trademark for services provided by various FleetCor (NYSE: FLT) subsidiaries whose legal name contains either the words

'Associated Foreign Exchange' or the word 'Afex'; those subsidiaries are formed in a variety of different jurisdictions.

"Cambridge Global Payments" is a trade name used by Cambridge Mercantile Corp. [in Canada], Cambridge Mercantile Corp. (U.S.A.), Cambridge Mercantile Corp. (UK) Limited, Cambridge Mercantile (Australia) Pty. Ltd., and other Cambridge Mercantile entities owned by NYSE: FLT.