Paretta Autosport, the female-led NTT IndyCar Series team who will make their debut at the 105th running of the Indianapolis 500 presented by Gainbridge on May 30 has announced MoneyLion as their first team sponsor. The outfit, which is led by Beth Paretta have already confirmed they will have engines from Chevrolet and that IndyCar veteran Simona De Silvestro will race for the team in the Indianapolis 500. The team are also receiving technical support from Team Penske.
Today’s announcement will Paretta Autosport help MoneyLion launch their Women Who Roar campaign.
MoneyLion’s “Women Who Roar” campaign features:
– Play Like a Girl Mentorship Program: MoneyLion and Paretta Autosport have committed to creating a unique Science, Technology, Engineering and Math (STEM) mentorship program for nonprofit, Play Like a Girl
. This program will connect middle and high school girls with female leaders in the fintech and motorsports industries. It will also include a new “Here Women Roar” female executive leadership chapter of the organization focused on mentoring teenage girls about technology through customized fintech challenges. Not only will the partnership offer students career guidance, but it will bring them on-site to see their mentors in action, broadening their horizons on potential future careers. MoneyLion mentors will also participate in Play Like a Girl’s Women’s Leadership Summit on March 19.
– “Women Who Roar” LinkedIn Group: Launching on March 16, MoneyLion is creating a space where women in the workforce can have candid conversations about issues such as financial wellness, mentorship and the wage gap.
– “Women Who Roar” Conversation Series: MoneyLion is also launching a special conversation series, which includes in-depth interviews with eight influential female leaders, starting with Beth Paretta, CEO and Team Principal of Paretta Autosport, and Simona De Silvestro. The “Women Who Roar” series will air on Cheddar.com beginning on March 16 and explores women trailblazers’ career paths and advice for the next generation of female leaders.
Samantha Roady, Chief Operating Officer with MoneyLion commented on the announcement saying:
“MoneyLion is committed to providing the financial products, educational resources and mentorship that’s much needed to level the playing field for today’s workforce and future generations of female leaders. “Beth Paretta has built an incredible, inspiring team with Simona as the driver. We’re proud to support a female-owned and operated business and to shine a light on inspiring women’s professional achievements through our sponsorship. We look forward to working closely with the team to bring ‘Women Who Roar’ to life.”
After decades of progress, COVID-19 lockdowns have forced many working women to stay home, fundamentally challenging their responsibilities as professionals and primary caregivers. For the first time in modern history, women are losing more jobs and have higher unemployment than men – exacerbating the existing wage gap.
Roady went on to say:
“MoneyLion can contribute to the recovery from this she-cession by standing for ‘Women Who Roar,’”. “This partnership with Paretta is a first step in that wider campaign.”
Automotive Executive and Paretta Autosport owner, CEO and Team Principal, Beth Paretta commented on today’s announcement saying:
“We’re thrilled to align with MoneyLion because of our shared ideals. “MoneyLion’s focus on empowering women through improved financial access and literacy is a direct parallel to our mission of helping women advance their careers. We’re pleased that MoneyLion sees the value of our women-forward racing program and greatly look forward to being a part of their ‘Women Who Roar’ campaign.”
Dr. Kimberly Clay, founder, and CEO of Play Like a Girl said:
“We welcome the support of finance and technology giants like MoneyLion to help us advance our mission to drive diversity and meaningful change for girls and women. “Building a diverse pipeline of young women in STEM is a major priority for us. We’re thrilled to partner with MoneyLion and Paretta Autosport to support this work and our community.”