Nuvei, a number one world funds providers supplier, and the Mercedes-AMG Petronas Formula One Team signal a multi-year sponsorship deal.
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Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech firm, and the Mercedes-AMG Petronas Formula One Team at the moment introduced a multi-year sponsorship settlement that can start forward of the 2023 Formula 1 season.
Nuvei is a world funds know-how firm devoted to accelerating its prospects’ income progress by means of funds. With funds processing providers in additional than 200 markets, together with native buying in over 45 nations, Nuvei connects eCommerce companies with their prospects wherever they’re on the earth.
In addition to cost processing and buying, Nuvei’s full-stack resolution contains pay-ins and payouts, optimization, orchestration, fraud prevention, threat administration, and way more by means of a single, seamless integration. And in an period of eCommerce the place agility is vital to optimization, Nuvei’s modular strategy to funds makes it essentially the most versatile, customizable cost service supplier available in the market. Nuvei is headquartered in Montreal and listed on the Nasdaq and Toronto Stock Exchanges.
Toto Wolff, Team Principal and CEO of the Mercedes-AMG Petronas Formula One Team, mentioned:
We’re thrilled to welcome Nuvei as a long-term accomplice in time for the beginning of the 2023 Formula One season. Nuvei has a popularity as a pacesetter in its subject with a world footprint. Its dedication to efficiency excellence by means of innovation aligns with our values, so we’re wanting ahead to a profitable interval working carefully collectively as we share the Nuvei model with our world viewers and discover extra similarities between our approaches to success.
Philip Fayer, Nuvei Chair and CEO, commented on the announcement:
Being a people-first, technology-led enterprise ourselves, we establish strongly with the ethos of the Team, which is simply one of many causes we’re extremely excited to be becoming a member of the Mercedes-AMG Petronas Formula One Team household.
As a number one world funds firm with a heritage of delivering essentially the most agile and transformative funds know-how available in the market, we all know what it takes to maintain being on the chopping fringe of innovation. So we’re proud to be related to one of the pioneering groups within the historical past of motorsport.
Richard Sanders, Chief Commercial Officer of the Mercedes-AMG Petronas Formula One Team, added:
We are delighted to announce our new partnership with Nuvei forward of the beginning of the season and welcome them into our accomplice ecosystem. Fintech is a burgeoning trade, and partnering with one of many main cost know-how corporations on this house is thrilling. Our shared values present the platform on which we’re excited to construct a profitable, long-term partnership.
From the 2023 Formula One season onwards, the Nuvei brand will seem on the helmet and overalls of the Mercedes-AMG Petronas Formula One Team drivers, pit crew overalls, and Team clothes. Nuvei will even be capable of make the most of staff members, together with drivers Lewis Hamilton and George Russell and Team Principal and CEO Toto Wolff, for its extra complete advertising and marketing actions for purchasers, purchasers, and past. Nuvei branding will probably be unveiled on the Team’s 2023 F1 automobile launch later this week.
About Nuvei
Nuvei (Nasdaq: NVEI) (TSX: NVEI) is a Canadian fintech firm accelerating the enterprise of purchasers all over the world. Nuvei’s modular, versatile and scalable know-how permits main corporations to simply accept next-gen funds, provide all payout choices and profit from card issuing, banking, threat and fraud administration providers. Connecting companies to their prospects in additional than 200 markets, with native buying in 45+ markets, 150 currencies and greater than 600 different cost strategies, Nuvei offers the know-how and insights for purchasers and companions to succeed domestically and globally with one integration.
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