Global financial technology company Airwallex has been announced as an Official Partner of the McLaren Formula One team on a multi-year deal.
As per the agreement, McLaren Racing will use the Airwallex platform for their financial operations. The Singapore-headquartered company will help deliver “efficiencies in the team’s multi-currency transactions to unlock new opportunities and scale globally,” while also gaining branding visibility on the McLaren race car (on the halo) and driver uniform.
Speaking about the deal, Zak Brown, CEO, McLaren Racing, commented:
“In the competitive world of Formula 1, efficiency and performance are crucial both on and off the track. We are delighted to have Airwallex on board and use their innovative and trusted payment solutions to support our team’s financial operations.“
Jack Zhang, CEO and Co-Founder, Airwallex, added:
“There are very few brands that match McLaren’s heritage and global appeal. Like McLaren, Airwallex is constantly innovating to move faster and with greater precision – with a product that unites people around the world. Our partnership will play a key role in supporting our global expansion, and we look forward to working with the McLaren team in 2024 and beyond to support our mutual growth.“
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