Formula 1 team Haas has announced TransferMate Global Payments as an official team partner, meaning the Kilkenny-based company's logo will feature on the Haas car and the apparel of drivers Kevin Magnussen and Mick Schumacher during the 2022 season.
The B2B payments-as-a-service provider, a subsidiary of global technology group CluneTech, will facilitate cross-border payments services for Haas as part of the deal.
We’re delighted to welcome TransferMate and we look forward to a productive working partnership in 2022 and beyond,” said Guenther Steiner, team principal of Haas F1 Team.
“It’s clear that as a brand TransferMate prides itself on the delivery of the very best product. We share that ethos and ultimately, we’re both in sectors where innovation is rewarded and actions need to be executed with confidence and precision.
"Efficiency is key to everything we do in Formula 1 and working with TransferMate adds another deliverable to our operations.”
In Association with
Sinead Fitzmaurice, CEO of TransferMate, said: "We’re delighted to become an official team partner of Haas F1 Team. The partnership brings together two like-minded organisations, each with a strong commitment to challenging norms through innovation.
"We’re looking forward to seeing our partnership group throughout the 2022 Formula 1 season. It promises to be a very exciting year for both ourselves and the Haas team. It’s only fitting that we’re joining forces on the road ahead and setting new standards of excellence for the future.”
TransferMate has built one of the largest portfolios of payments licences worldwide to support trading in 160 countries, including 51 US states and territories, and 134 currencies.
The company has created bespoke integrations for the likes of ING and AIB, both of which are also investors in the company, and its API allows clients to digitise the payment flow within their software for time and cost savings.
North Carolina-based Haas debuted in Formula 1 in 2016, making it the first US team in the sport for 30 years, and founder Gene Haas, chairman of CNC machine tool builder Haas Automation, also owns NASCAR team Stewart-Haas Racing.
