23XI Racing announced Thursday that financial platform MoneyLion has reached a multiyear agreement with its two-car operation for the 2022 NASCAR Cup Series.
The partnership includes primary sponsorship of 23XI’s No. 23 Toyota for driver Bubba Wallace and the No. 45 Toyota for Kurt Busch in select races this year. MoneyLion will also be an associate sponsor for both cars throughout the season, starting with this weekend’s Busch Light Clash exhibition event at the Los Angeles Memorial Coliseum (Sunday, 6 p.m. ET, FOX, MRN Radio, SiriusXM NASCAR Radio).
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“As we continue to move into our second year, we‘re excited to add innovative partners like MoneyLion to the 23XI Racing family,” 23XI Racing president Steve Lauletta said, in a release provided by the team. “In MoneyLion we find a company that shares similar goals, like building a winning team unlike any other in our respective industries and making a difference for those around us. We look forward to a partnership that is as successful on the track as it is off the track.”
MoneyLion is scheduled to mark its first race as a primary sponsor for Busch’s No. 45 Toyota on March 13 at Phoenix Raceway. The company will have primary backing of Wallace’s No. 23 for the first time on May 8 at Darlington Raceway.
MoneyLion has been involved in NASCAR as a primary sponsor since 2019, the first year of a three-year stint with Team Penske. The New York-based company indicated it plans to work with 23XI to promote a message of inclusion and opportunity through its Young Lions program.
“It‘s a great fit for me and our team to partner with a company that strives to make a lasting difference in other people‘s lives,” Wallace said. “Coming up I had people help to make that difference for me as I worked toward my dream of racing in NASCAR, and I hope through the partnership with MoneyLion and the powerful financial content and products they offer, we can help more people feel equipped and empowered to chase their dreams.”
Busch said: “It‘s great to welcome MoneyLion to the 23XI Racing team. We have a vision for thinking about racing differently and it‘s great to have a partner on our team that shares a similar outlook within their industry. We look forward to having fun together this year and enjoying some exciting moments on the track as we compete for wins.”
23XI Racing is starting its second season of competition in the NASCAR Cup Series. The organization has expanded to two cars for 2022, bringing in former series champion Busch to pair with the returning Wallace, who netted the first win for both himself and the team last season.