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Formula E’s DS Techeetah signs up AFEX

The DS Techeetah team, which competes in the Formula E electric car-racing world championship, has struck a sponsorship deal with Associated Foreign Exchange (AFEX).

The global payment and risk management solutions provider will serve as a team sponsor from seasons five to seven of the championship.

AFEX’s logo will be positioned on the DS E-Tense FE19 car from the Hong Kong E-Prix this weekend onwards.

Keith Smout, DS Techeetah’s chief commercial officer, said that the provider’s currency services would be available not only to the team, but also to other partners in the portfolio.

He added that the team is focused on building its business-to-business platform.