Roger.ai, a startup bill pay automation company, was acquired by Fleetcor in January, and its flagship product Roger is now named Corpay One. Fleetcor is expanding its footprint in the U.S., this acquisition being a step in that direction.
Fleetcor Technologies provides workplace payment solutions. Corpay One will serve as its B2B online bill payment offering.
Corpay One uses artificial intelligence technology to gather and scan invoices and receipts, approve and execute payments, set up automated workflows, and sync to accounting systems including QuickBooks Online, Sage Intacct, Xero and others in real time.
The software is targeted at small to midsized businesses, but Fleetcor is intentionally building its accounting channel and accounting firms in North America and Europe use, refer and resell the platform today in connection with their customers.
Over time, the plan is for Corpay One to add Fleetcor’s small business credit card offerings, cross-border supplier payments and virtual card engine to its capabilities.
“This acquisition provides us with a modern, cloud-based bill payment platform that will immediately open up cross-sell opportunities into our global SMB fuel card base,” said Ron Clarke, Chairman and CEO of Fleetcor, in a statement. “It’s a big step in expanding our fuel card business into a corporate payments business, and extending our current middle market corporate payments business into the SMB space.”
Roger.ai founder Cathrine Andersen remains with the business, now serving as product lead for Corpay One at Fleetcor.
