Nuvei, a number one international cost companies supplier, and the Mercedes-AMG Petronas Components 1 Crew have signed a multi-year sponsorship settlement.
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Canadian fintech firm Nuvei Company (“Nuvei” or “Firm”) (Nasdaq: NVEI) (TSX: NVEI) and Mercedes-AMG Petronas Components One Crew at the moment introduced a multi-year sponsorship settlement that may start earlier than 2018. the 2023 Formula 1 season.
Nuvei is a world funds know-how firm devoted to accelerating its prospects’ income development via funds. With cost processing companies in additional than 200 markets, together with native buying in additional than 45 international locations, Nuvei connects e-Commerce companies with their prospects wherever they’re on the planet.
Along with cost processing and acquisition, Nuvei’s full resolution contains funds and funds, optimization, regulation, fraud prevention, danger administration and far more, all via one seamless integration. In an period of e-commerce the place agility is vital for optimization, Nuvei’s modular strategy to funds makes it essentially the most versatile, customizable cost service supplier available on the market. Nuvei is headquartered in Montreal and is listed on the Nasdaq and Toronto Inventory Exchanges.
Mercedes-AMG Petronas Components 1 Crew Crew Principal and CEO Toto Wolff stated:
We’re excited to welcome Nuvei as a long-term companion in the beginning of the 2023 Components 1 season. Nuvei has a repute as a pacesetter in its discipline with a world footprint. Its dedication to efficiency excellence via innovation is aligned with our values, so we stay up for a profitable interval by working intently collectively as we share the Nuvei model with our international viewers and discover extra similarity between our approaches to success.
Nuvei President and CEO Philip Fayer commented on the announcement:
As a people-first, technology-focused firm, we strongly determine with the spirit of the Crew, which is simply one of many causes we’re extremely excited to affix the Mercedes-AMG Petronas Components One Crew household.
As a number one international funds firm with a legacy of delivering essentially the most agile and transformative cost know-how available on the market, we all know what it takes to remain on the slicing fringe of innovation. That is why we’re proud to be related to one of the vital pioneering groups in motorsport historical past.
Richard Sanders, Industrial Head of Mercedes-AMG Petronas Components 1 Crew, added:
We’re pleased to announce our new partnership with Nuvei earlier than the season begins and to incorporate them in our companion ecosystem. Fintech is an rising trade and it’s thrilling to companion with one of many main cost know-how corporations on this house. Our shared values present the platform on which we’re excited to construct a profitable, long-term partnership.
From the 2023 Components 1 season, the Nuvei brand will seem on Mercedes-AMG Petronas Components 1 Crew drivers’ helmets and overalls, pit crew overalls, and Crew attire. Nuvei may even be capable of leverage workforce members together with drivers Lewis Hamilton and George Russell and Crew Principal and CEO Toto Wolff for broader advertising and marketing actions for purchasers, shoppers and extra. The Nuvei model might be unveiled at Crew’s 2023 F1 automobile launch this week.
About Nuvei
Nuvei (Nasdaq: NVEI) (TSX: NVEI) is a Canadian fintech firm that accelerates the enterprise of shoppers worldwide. Nuvei’s modular, versatile and scalable know-how permits main corporations to just accept next-generation funds, provide all cost choices and leverage card issuance, banking, danger and fraud administration companies. Bringing companies along with prospects in additional than 200 markets with native buying in additional than 45 markets, 150 currencies and greater than 600 different cost strategies, Nuvei offers know-how and insights for purchasers and enterprise companions to succeed domestically and globally with a single integration.
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