As the sport of Formula 1 is gaining speed, so
is MoneyGram; MoneyGram, the fastest way to send money globally, is
teaming up with the fastest sport in the world
The new team name will officially take effect
in 2023, and the new team cars with rebranded livery will be
unveiled ahead of next year's season
DALLAS and KANNAPOLIS, N.C., Oct.
20, 2022 /PRNewswire/ -- MoneyGram International, Inc.
(NASDAQ: MGI) ("MoneyGram" or the "Company"), a global leader in
the evolution of digital P2P payments, and Haas F1 Team, the only
American team competing in the FIA Formula 1 (F1) World
Championship, today announced that MoneyGram will become the new
title sponsor of Haas F1 Team – soon to be the MoneyGram Haas F1
Team!
"We are pleased to welcome such an incredible brand like
MoneyGram as our new title sponsor," said Gene Haas, Founder and Chairman of Haas F1
Team. "Since our entrance into the F1 World Championship in 2016,
Haas F1 Team has earned a reputation of strength, agility and
resilience. MoneyGram brings a similar drive to the world of
financial services, and we're ready to work together to maximize
results on and off the track."
The two organizations have signed a multiyear agreement for
MoneyGram to become the lead partner of Haas F1 Team, a fan
favorite in the F1 World Championship, the world's most prestigious
and popular motorsports competition with a global audience of more
than 500 million. The new team name will officially take effect in
2023. In addition, the new team cars with rebranded livery will be
unveiled ahead of next year's season.
"MoneyGram is a different company than it was even five years
ago. We've reinvented ourselves into a global leader in the
evolution of cross-border payments with our fast-growing digital
business and strong culture of fintech innovation – and we're just
getting started," said Alex
Holmes, MoneyGram Chairman and CEO. "We will continue to
disrupt ourselves to meet the ever-changing financial needs of
consumers, and we're determined to make sure the world knows it.
That's why we're hitting the accelerator by making our debut into
the world of F1 and teaming up with Gene and Haas F1 Team."
The next chapter in the evolution of MoneyGram – the
MoneyGram Haas F1 Team!
MoneyGram, the fastest way to send money globally, is teaming up
with the fastest sport in the world. The Company's recent
advancements in cutting-edge technology and collaborations with
some of the world's most innovative brands strategically align with
the most technologically advanced sport in the world.
"Our fans demand speed, and we deliver it, just as MoneyGram
does for its customers," said Guenther
Steiner, Team Principal of Haas F1 Team. "MoneyGram is a
global leader in fintech and payments and is always setting out to
push the boundaries of technology. It's that eagerness for
innovation that really drew us to partner with MoneyGram, and we're
confident that we will continue to grow together and reach our full
potential."
As the sport of Formula 1 is gaining speed, so is MoneyGram.
Interest in F1 has skyrocketed in recent years, evidenced by the
competition's social media channels experiencing significant growth
and even outpacing the NBA and NFL in new followers. Through this
partnership, MoneyGram will receive constant global visibility, as
the F1 World Championship runs nearly year-round and results in
extensive television coverage almost every week.
"With this bold new initiative, we are meeting our customers as
well as potential new customers where they are," said
Greg Hall, MoneyGram Chief
Marketing Officer. "Next year's racing calendar has a uniquely
strong overlap with MoneyGram key markets, so we are excited to
unlock new channels to hear from our customers and understand their
specific needs. As we look to capture growth from new customer
segments, we're also looking forward to the endless opportunities
this sponsorship will bring for additional exposure to a broader
consumer base."
A global company with customers in nearly every country around
the world, MoneyGram is eager to team up with a prominent
organization competing in one of the few truly global sports. The
F1 2023 season will take place across 24 races held in 21 countries
on five continents around the world. The countries on next year's
circuit account for nearly 80% of the Company's transaction
value.
Alex Holmes concluded: "We
can't wait to officially kick off our long-term title sponsorship
with Haas F1 Team and start collaborating to create exciting and
meaningful customer experiences at the intersection of Fintech and
Formula 1. Now let's get racing!"
MoneyGram and Haas F1 Team at the United States Grand Prix
2022
MoneyGram and Haas F1 Team are announcing the title sponsorship
at the 10th anniversary of the United States Grand Prix
at the Circuit of the Americas (COTA) in Austin, Texas. The press conference will be
held today at 12 p.m. CDT.
About MoneyGram International, Inc.
MoneyGram International, Inc. (NASDAQ: MGI), a global leader in
the evolution of digital P2P payments, delivers innovative
financial solutions to connect the world's communities. With a
purpose-driven strategy to mobilize the movement of money, a strong
culture of fintech innovation, and leading customer-centric
capabilities, MoneyGram has grown to serve over 150 million people
in the last five years. The Company leverages its modern, mobile,
and API-driven platform and collaborates with the world's top
brands to serve consumers through its direct-to-consumer digital
channel, global retail network, and embedded finance business for
enterprise customers. MoneyGram is also a leader in pioneering
cross-border payment innovation and blockchain-enabled settlement.
For more information, please visit ir.moneygram.com, follow
@MoneyGram on social media, and explore the website and mobile app
through moneygram.com.
About Haas F1 Team
Haas F1 Team debuted in the FIA Formula 1 World Championship in
2016, becoming the first American Formula 1 team since 1986.
Founded by industrialist Gene Haas,
Haas F1 Team is based in the United
States on the same Kannapolis,
North Carolina, campus as his championship-winning NASCAR
team, Stewart-Haas Racing. Haas is the founder of Haas Automation,
the largest CNC machine tool builder in North America, and he is chairman of Haas F1
Team.
MoneyGram Media Contact
Sydney
Schoolfield
media@moneygram.com
Haas F1 Media Contact
Stuart
Morrison
smorrison@haasf1team.com
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SOURCE MoneyGram