AFEX joins DS TECHEETAH as a new partner

DS TECHEETAH E-TENSE FE19 AFEX engine cover

DS TECHEETAH has today announced that global payment and risk management solutions specialist, Associated Foreign Exchange Limited (AFEX), has joined the team as a new partner for Season Five to Seven of the ABB FIA Formula E Championship.

AFEX has been offering its customers aid with global payments since its inception in 1979. As one of the world’s largest non-bank providers of foreign exchange solutions, it serves more than 35,000 commercial and private clients around the world. Providing a suite of customisable, cost-effective FX hedging tools, the dedicated and FCA authorised account executives are on hand to help manage currency risk. AFEX also offers 24/7 access to its market leading online payment platform, AFEXDirect

AFEX’s logo will adorn the DS E-TENSE FE19 from the Hong Kong E-Prix onwards.

Keith Smout, DS TECHEETAH Chief Commercial Officer:

“We’re delighted to welcome AFEX to DS TECHEETAH. As an international racing team operating globally, we’re always dealing in various currencies throughout the year so to have a partner on board that can facilitate and ease our transactions is really fantastic. We are focused on winning on track but also building our Business to Business platform. Our team partners and in fact all FE partners can benefit from AFEX’s financial solutions.  AFEX will join us from the Hong Kong E-prix onwards so we are looking forward to welcoming their brand to Formula E”

Wayne Mitchell, General Manager EMEA at AFEX:

“We’re excited to partner with the DS TECHEETAH Formula E Team to facilitate their global transactions, and to join their Business to Business platform. As the Formula E Championship winners, DS TECHEETAH represent the integrity, ambition, and forward thinking that AFEX stands for. We look forward to launching our partnership at this weekend’s Hong Kong race.”