WLTH signs competition partnership with the Australian SailGP Team

Drew Haupt, Co-founder of WLTH

Australian digital lending and payments provider WLTH is proudly launching with the Australia SailGP Team, partnering with the SailGP reigning champions in a multi-year deal.

This demonstrates the scale and reach of the purpose-driven, global racing league.

The worldwide exposure generated by the competition is a key attraction alongside WLTH’s aspirations in order to scale up and harness overseas market opportunities.

WLTH will reward the team’s performance in the season with impact investment in collaboration with the Australia team’s Race For The Future partner, Parley for the Oceans.

WLTH’s commitment to cleaner oceans and coastlines

They will fund beach and coastline cleanups, removing marine plastic pollution from Australia’s treasured beaches and coastlines, with investment based on the team’s race results.

The conversion of results into driving real impact to help protect the ocean is not only a first for SailGP but also a unique approach to sports partnerships placing purpose at the heart of the sport’s drive to climate action and accelerate change to a cleaner future for all.

For the five fleet races at the SailGP events, WLTH will fund and participate with Parley for the Oceans to conduct 500sqm of beach and coastline cleaning if they secure first place.

They will do 300sqm if the team is second, 200sqm for third or 100sqm for other positions.

For the final race at each event, Parley for the Oceans will conduct 1500sqm of cleaning if Australia comes out on top, and 1000sqm or 500sqm for runners-up or third-placed finish.

Based on WLTH’s commitment, Australia’s performance at the Spain Sail Grand Prix in Cadiz equated to 2800m2 of beach and coastline cleaned up by Parley for the Oceans.

WLTH to support Australia team in SailGP Impact League

WLTH will also support the Australia team in the SailGP Impact League – a sport-first, integrated league designed to make sustainability action essential to the fabric of sport, make athlete activism the norm and in order to help mitigate climate change.

Ultimately, it is creating two podiums, one for sport and a second podium for the planet.

Australia SailGP Team Chief Executive Officer and driver Tom Slingsby offered his views.

“WLTH are committed to driving positive impact with the Australian team and want to help us to achieve our purpose in order to protect our oceans for future Australians.”

“Oceans play a fundamental role in mitigating climate change and WLTH shares our vision by cleaning up our oceans and educating the public on why the ocean is our greatest asset.”

“With WLTH, we will be facilitated in converting our racing and results into driving real tangible change and help to further protect our oceans which is a first for SailGP!”

WLTH’s Co-Founder Drew Haupt offered additional insights on the perspective.

“Growing up on the beaches of Australia, we’ve been huge fans of sailing our entire lives, and its platform perfectly aligns with our mission and community at WLTH.”

“They set a new standard in sports, putting purpose and impact at the core of their DNA.”

“As a business, sustainability is centered in everything we offer to our customers which is why we’ve partnered with Parley for the Oceans as our strategic impact partner.”

“The fact that SailGP and the Australia team are also working with Parley for the Oceans as its Impact Partner means that we will be facilitated to amplify positive environmental impact in Australia and around the world through our collective collaboration.”

The announcement came as Sydney prepared to host the next leg of SailGP Season 2.

As one of the first major events to return to New South Wales and Australia since the onset of the pandemic, the partnership is another exciting announcement off the back of a successful season for Slingsby’s, winning the Spain Sail Grand Prix in spectacular fashion.

The Australia team headed into its home event at the top of the SailGP Season 2 board.