WILMINGTON, DE — Qorbis has unveiled a partnership to provide banking, lifestyle, and spend management solutions for Andy Vargas, lead singer of Santana, his company Vargas Entertainment Inc., and Malaspalabras Records (MPR), a venture co-founded by Vargas and comedian George Lopez. This deal aims to streamline financial operations for Vargas and MPR artists, addressing key challenges in the music touring industry.
Touring presents numerous logistical hurdles, from managing budgets and crew expenses at all hours to the tedious task of spend management. The lack of real-time visibility into spending versus budgets can complicate life on the road. Qorbis promises to alleviate these issues, allowing artists to focus on their performances and tours.
Andy Vargas praised the partnership, saying, “Qorbis understands the unique needs of the music industry. Its technology empowers artists and their crews, allowing them to easily manage spending on the road and save money on travel and entertainment expenses, whether that’s hotels, car hire, or even an after-party bill.”
Qorbis’s platform offers seamless digital banking, 24/7 real-time visibility, and smart money management tools. It includes exclusive benefits such as preferred rates on travel and hotels through the QStyle lifestyle concierge. Artists can manage international mobility effectively with segregated, multi-currency accounts and a foreign exchange rate set at 0.5% on all transactions.
Tom Witton, Head of Sales at Qorbis, expressed enthusiasm for the collaboration. “We’re excited to support musicians of Andy’s caliber as well as all the talented MPR artists. Qorbis cards, money management tools, and the QStyle lifestyle concierge provide the ultimate combination of support that the music industry needs to manage their busy schedules, both domestically and internationally.”
The Qorbis all-in-one corporate card and spend management platform features real-time visibility, advanced reporting, accounting integrations, and business services. It delivers significant savings in time and money, designed to scale as an artist grows. The platform also offers brand enhancement opportunities through Qorbis’s embedded finance solutions.
Andy Vargas believes in the transformative potential of the Qorbis platform. “The Qorbis platform has the potential to revolutionize music touring and payments to artists. It gives artists and their crews unprecedented efficiency and control over their finances, providing access to rates that will keep touring costs down and giving new artists a chance to succeed.”
This partnership highlights Qorbis’s dedication to supporting the unique financial needs of the music industry, promising a more efficient and cost-effective touring experience for artists.
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