How Corpay is cashing in on expenses

Financial technology company Corpay has found a profitable niche managing corporate payments

Corpay company logo
(Image credit: Piotr Swat/SOPA Images/LightRocket via Getty Images)

One of the problems with operating in a fastgrowing industry is that constant change and disruption can make it hard to remain successful. No sooner has a company developed a business model that is profitable than the technology shifts or competition pushes down prices. This causes margins or market share to tumble, since large amounts of investment are required to stay ahead of the competition.

So it’s often better to find a niche that is big enough to be worthwhile, but not so big as to attract a lot of other firms.

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Dr Matthew Partridge
Shares editor, MoneyWeek

Matthew graduated from the University of Durham in 2004; he then gained an MSc, followed by a PhD at the London School of Economics.

He has previously written for a wide range of publications, including the Guardian and the Economist, and also helped to run a newsletter on terrorism. He has spent time at Lehman Brothers, Citigroup and the consultancy Lombard Street Research.

Matthew is the author of Superinvestors: Lessons from the greatest investors in history, published by Harriman House, which has been translated into several languages. His second book, Investing Explained: The Accessible Guide to Building an Investment Portfolio, is published by Kogan Page.

As senior writer, he writes the shares and politics & economics pages, as well as weekly Blowing It and Great Frauds in History columns He also writes a fortnightly reviews page and trading tips, as well as regular cover stories and multi-page investment focus features.

Follow Matthew on Twitter: @DrMatthewPartri