Gainbridge, an online financial services platform, has reached a multiyear agreement to become the presenting sponsor of the Indianapolis 500 starting with this May’s 103rd running. Gainbridge also will become the official annuity and life insurance partner of IndyCar, Indianapolis Motor Speedway and the Indy 500.
“We welcome Gainbridge to this new partnership with ‘The Greatest Spectacle in Racing,’” Miles said. “Gainbridge offers a bold, new way to steady growth, and we’re honored that the platform is being launched through this association with the Indianapolis 500 — an exciting global event with a rich history and a bright, dynamic future. It’s a perfect fit.”
Gainbridge is a digital-first annuity and life insurance agency that provides straightforward access to tax-deferred accumulation and income products. The products Gainbridge offers are currently available to residents of Indiana, Illinois, Massachusetts and New Jersey, with service expanding to many more states in the coming weeks.
“Gainbridge’s simplified approach to delivering annuities empowers investors who seek to maximize performance, but stay out of trouble, amidst today’s market volatility,” said Dan Towriss, CEO of Group1001, Gainbridge’s parent company. “In investing, like in racing, anything can happen. The key is to stay calm and have a strategy in place to hedge for the unexpected. The amazing parallels between Gainbridge’s philosophy and racing make our Indy 500 partnership that much more meaningful.”
This presenting sponsorship by Gainbridge also deepens Group1001’s involvement with events and competitors at IMS.
Group1001 has sponsored the Andretti Autosport car driven by American Zach Veach in the IndyCar Series since 2018. This year, the primary sponsor on his car will be Gainbridge. Group1001 also has served as the presenting sponsor of the Indy Women in Tech Championship LPGA tournament at Brickyard Crossing Golf Course since 2018.
The 103rd Indianapolis 500 presented by Gainbridge is scheduled for Sunday, May 26.