The McLaren Formula 1 (F1) motor racing team has added to its burgeoning sponsorship portfolio with the addition of Airwallex, the financial platform for businesses. 

The deal makes Airwallex an official partner of the McLaren F1 Team through the 2024 season and will see Airwallex's platform support the team's financial operations and multi-currency transactions. 

In terms of brand presence, Airwallex branding will feature on the halo of the McLaren F1 car, and the overalls of McLaren’s F1 drivers Lando Norris and Oscar Piastri for the upcoming 2024 season.

Zak Brown, chief executive of McLaren Racing, said:  “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, chief executive and co-founder of 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.”

McLaren F1 has an extensive commercial portfolio that includes the likes of Estrella Galicia 0,0, OKX, Neom, Udemy, Cisco, DP World, Dell Technologies, Monster Energy, Unilever, Goldman Sachs, Coca-Cola, Castore, and Richard Mille. 

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By GlobalData