Team Qhubeka ASSOS partners with AFEX

PUBLISHED: Tue, 16 Feb 2021 10:42:10 GMT

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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.”Distributed by APO Group on behalf of Team Qhubeka ASSOS.Media Contact: Jean Smyth (Head of Communications) Email: Mobile: +27 63 4701 1710 or +31 625 739 033 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. About Team Qhubeka ASSOS: Team Qhubeka ASSOS ( is a purpose-led, high-performance team, fighting to win on the world's biggest stage, to inspire hope and create opportunity. Founded in 2007, Team Qhubeka ASSOS (formerly NTT Pro Cycling) became the first-ever African cycling team to gain a UCI WorldTour license, in 2016. We achieved our first major win in 2013 when Gerald Ciolek won Milan-San Remo, one of the five Monuments of cycling. We have competed in six Tour de France’s and notched up 7 stage wins, with Mark Cavendish wearing the coveted Yellow Jersey at the 2016 Tour de France. We are a multicultural, diverse team with bases in South Africa, the Netherlands and Italy. There are 19 nationalities represented across our World Tour and continental feeder team rosters. Our focus on developing African cycling has resulted in more than 55 riders from the African continent be given the opportunity to race on the world stage, since the team's inception. We race to help people to move forward with bicycles through our relationship with Qhubeka Charity. Through our work with Qhubeka, we have contributed to the distribution of over 30 000 bicycles in communities in South Africa. About Qhubeka: Qhubeka ( is a charity that moves people forward with bicycles. People earn bicycles through our programmes, improving their access to schools, clinics and jobs. A bicycle is a tool that helps people to travel faster and further, and to carry more. In the face of extreme and persistent poverty, bicycles can change lives by helping to address socioeconomic challenges at the most basic level – helping people to get where they need to go.  All images attached to the press release can be used with the respective image credit in combination to this release.Media filesDownload logo