Ahead of the 2024–2025 season, Wolves has partnered with Neo, a cross-border payments and foreign exchange (FX) fintech, to become the team’s official foreign currency exchange partner.
Neo will manage the club’s foreign exchange and multi-currency transfer payments as part of this agreement, assisting Wolves in reducing their currency FX transaction expenses. With this collaboration, Neo enters the sports industry for the first time and works with a European football team for the first time.
In addition to offering best-in-class FX execution, the Barcelona-based fintech enables companies to send and receive payments in more than 20 different currencies and to buy and sell any of these currencies with clear pricing.
Neo’s wallet architecture also revolutionizes the way businesses trade by making it simple for them to organize their funds and store different currencies, ready for quick payments or currency exchanges.
Neo has also made a significant investment in cutting edge client support, assembling a group of exceptionally talented experts to assist clients with their international business ventures. “Foreign exchange management is an important element of the commercial side of our football club,” stated Russell Jones, general manager of marketing and commercial growth for Wolves.
“We are convinced that our collaboration with Neo will bring value to our worldwide operations.
It is imperative that we collaborate with reliable partners to guarantee process optimization.” “Becoming Wolves’ official foreign currency exchange partner is a huge step forward for Neo and demonstrates our ability to work with exciting, global organizations and help optimise their multi-currency requirements,” said Laurent Descout, co-founder and CEO of Neo.
This cooperation fits with our corporate culture because, as a fintech company working in a very competitive field, we know how important it is to perform at the highest levels and attract top people from around the globe.
“We are excited to collaborate closely with the Wolves team and wish them every well-earned success in the upcoming season.” Neo has developed into a one-stop shop for companies worldwide, serving over 300 corporate clients in 28 countries and processing over €16 billion in transactions to its Bank Identification Code (BIC) via the SWIFT network.
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