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Mbanq & Qorbis launch FinTech solutions for motorsport brands

By Delisha Fernandes

November 22, 2023

  • Digital Banking
  • Embedded Finance
  • Expense Management

Mbanq, Qorbis, Embedded Finance, white-label cards, FinTech solution, expense management, digital banking, white-label mobile apps, Fintech news, Fintech USAMbanq, a banking technology and compliance solutions provider, and Qorbis, an embedded finance provider, have partnered to launch a FinTech solution designed exclusively for premium sports, entertainment, and events brands.

This collaboration introduces a range of branded financial solutions, including unique, white-label cards, flexible corporate travel and expense controls, and new revenue streams from purchases by fans of teams, entertainment franchises, and events.

Stephen Williams, CEO of Qorbis, said, “Sports, entertainment and events businesses have internationally mobile teams, large cost centers and the need to differentiate P&L between each production. The Qorbis platform gives these businesses complete control and visibility of their finances, with rapid transfers and real-time expense management, on any scale. The resulting efficiencies in time and cost for these brands are significant.”

This end-to-end solution provides businesses with real-time business spend and expense management solutions, offering unparalleled control and visibility into spending and flexible expense reporting, all accessible from a single device. The platform also enables the creation of branded digital revenue streams by sharing income from fan purchases; a game-changer for brands seeking to maximize monetization opportunities.

The Mbanq and Qorbis partnership enhances brand loyalty through promotional power, delivering simple, smart, and secure financial services alongside bespoke reward and loyalty programs. This FinTech solution is set to redefine the relationship between sports, entertainment, events, and finance, providing major brands with the tools they need to transform cost centers into revenue streams and deepen engagement with their fan bases.

Vlad Lounegov, CEO of Mbanq, said, “By incorporating FinTech solutions into core offerings, businesses immediately differentiate themselves from traditional competitors by embracing future technology trends and innovation. As businesses across sectors, including retail, travel, hospitality, e-commerce, food and beverage, and automotive, embrace embedded finance, the possibilities for new revenue streams, brand enhancement and customer engagement are limitless.”

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