Airwallex, a Singapore-founded payments and finance software company, said on October 21 that it had extended its partnership with McLaren Racing and would become the McLaren Mastercard Formula 1 Team’s first official AI finance partner from January 2027.

The deal builds on a multi-year relationship announced in 2024, when McLaren started using Airwallex to improve cross-border payments, making the partnership operational as well as promotional.

Airwallex said it would continue supporting McLaren’s global financial operations and payment collection on McLaren’s digital partner merchandise platform.

Airwallex branding will expand to the Formula 1 team kit’s sleeve and remain on both cars and the drivers’ overalls.

In June, Airwallex raised US$320 million in series H funding at a US$11 billion valuation. The company said the money would support development of AI-native finance software, in line with the new partnership title.

🔗 Source: Airwallex

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