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AvaTrade Partners with Oracle Red Bull Racing in Largest Ever Formula 1 Deal

Dec 09, 2024•over 1 year ago

Contract Type

partnership

Abu DhabiFinancial ServicesFinanceFintechLending

Description

AvaTrade has announced a multi-year partnership with Oracle Red Bull Racing, marking the largest deal ever done in Formula 1 by AvaTrade. The partnership includes branding on the RB20 car for the 2024 season's final round and further branding on the team kit, driver suits, and RB21 car for the 2025 season.

Company Information

Company

AvaTrade

Location

Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates

About

AvaTrade is an award-winning, established, and renowned online trading broker, expanding its position in global financial markets.

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Strategic

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months