{
  "id": 15858162,
  "title": "Exclusive: Airwallex and McLaren to renew partnership as valuations soar",
  "url": "https://urgent.news/2026/10/21/exclusive-airwallex-and-mclaren-to-renew-partnership-as-valuations",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-21T06:00:00.000Z",
  "source": {
    "name": "City AM",
    "slug": "city-am",
    "url": "https://www.cityam.com/exclusive-airwallex-and-mclaren-to-renew-partnership-as-valuations-soar/"
  },
  "original_language": "en",
  "account": "Fintech company Airwallex and Formula 1 team McLaren are set to renew their partnership, as reported by City AM. Both organizations have experienced significant valuation increases recently. Airwallex, founded in Australia, is now valued at over £8bn, following a £230m Series H funding round. McLaren's valuation reached more than £3.5bn after Mumtalakat, its majority shareholder, acquired all but 30% of the team's shares. This renewed collaboration will position Airwallex as McLaren's AI finance partner. The new deal, announced at an Airwallex Shift event, joins other major sponsors including Mastercard, OKX, Google, and Allwyn. McLaren Racing Ltd is projected to generate over £550m in revenue this year, with the team's chief finance officer, Laura Bowden, emphasizing the importance of this partnership in their commitment to investing in advanced technology. Formula 1 will return this weekend for a triple-header in the United States, Mexico, and Brazil.",
  "summary": "Fintech Airwallex will today extend its partnership with the McLaren Formula 1 team after both organisations enjoyed steep valuation boosts, City AM can reveal. The partnership, initially announced in 2024, will be renewed and upgraded, making Airwallex the Formula 1 constructors’ champions’ AI finance partner. It comes amid a boom for both brands. McLaren was [...]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}