After UBS and Nu, Stripe Also Partners With Mercedes-AMG Petronas
Article excerpt
Highlighted: the sentence this signal was extracted from
The Mercedes-AMG Petronas F1 Team on Tuesday announced a multi-year global partnership with Stripe. The Delaware-incorporated payments provider, which operates worldwide, becomes the team's official global payments partner and official team partner. Neither side disclosed financial terms. The Stripe logo will race from the first grand prix of the 2027 season. Stripe plans to roll out its first products earlier, at key races, starting with merchandise sales. More Than a Logo on the Car Unlike a classic sponsorship deal, this one reaches into day-to-day operations. Stripe is to deploy its technology across all of the racing team's business units and develop its finance and payment functions worldwide. The need is there. The team operates in numerous markets and currencies, said chief commercial officer Richard Sanders, «from merchandise and experiences to partner relationships and international transactions.» Stripe is meant to simplify how all of this is managed. «The Only Choice» Team principal Toto Wolff said he wanted to work with «the best of the best,» adding: «Stripe was the only choice.» Fittingly, he made the announcement as a guest on «Cheeky Pint,» the podcast hosted by Stripe co-founder and president John Collison. Collison, in turn, praised the team's «exceptional technical standards» and its «relentless drive to improve.» That combination, he said, mirrors...
Keep reading with a free account
The rest of this article, and every signal for Stripe, is in your free account.
