Team Qhubeka ASSOS partners with AFEX

Johannesburg, 16 February 2021 – Team Qhubeka ASSOS, Africa’s only UCI-registered WorldTour cycling team, is delighted to announce that AFEX will partner with the team as its Official Global FX Partner.

AFEX is a leader in global payments and risk management and adds to the ever-growing portfolio of premium brands supporting Team Qhubeka ASSOS in their aspirations at the pinnacle of cycling.

“We are thrilled to be the Official Global FX Partner of Team Qhubeka Assos – and to be helping the team better manage their currency exposures,” said Wayne Mitchell, Managing Director EMEA at AFEX.

“AFEX is deeply committed to sport around the world and the team’s charitable mission–supporting bicycle manufacture and distribution in Africa–is an inspiration. We’re proud to extend our alignment in sport in this way, particularly in challenging times. We look forward to achieving great things together”.

Team Qhubeka ASSOS competes in approximately 70 races around the world spanning 270 race days including the Tour de France, Giro d’Italia and the Vuelta a Espana alongside cycling’s five Monuments, major one-day and stage races.

Douglas Ryder, founder and principal of Team Qhubeka ASSOS said, “To have AFEX link up with us and potentially our partner network is fantastic. Their personalised service, dedicated account management and global footprint truly helps businesses navigate securely through increased uncertainty and volatility in global markets.

“We share beliefs around creating positive change through sport and the inherent power it has to do good; and we look forward to doing so together.”

About AFEX

AFEX pioneered personalised global payments and risk management, providing a tailored solution since 1979. We serve more than 35,000 active commercial and private clients from offices across the Americas, EMEA and APAC, executing transactions in more than 100 currencies to 180 countries. With a full portfolio of hedging tools and foreign exchange services supported by our proprietary state-of-the-art technologies, we tailor strategically adept global payment and foreign exchange solutions to meet each client’s financial goals.