TransferMate, a leading cross-border payments provider, and Haas F1 Team, the American Formula 1 racing team, have announced a partnership agreement that will see TransferMate become the official payments partner of the team.

The partnership will see TransferMate provide currency exchange services and international payments solutions to help Haas F1 Team efficiently manage their global operations. With over 160 currencies supported and multiple payout options available, TransferMate’s technology will allow the team to easily transfer funds to suppliers, partners, and employees around the world.

“We are thrilled to announce this partnership with Haas F1 Team,” said Sinead Fitzmaurice, Co-Founder and CFO of TransferMate. “As a global company ourselves, we understand the challenges of managing international payments and are excited to work with Haas F1 Team to streamline their cross-border transactions.”

This partnership comes at a time when the world of Formula 1 is becoming increasingly global, with races held in countries all over the world and teams comprised of personnel from various nationalities. Efficiently managing international payments is crucial for a team like Haas F1 Team, and TransferMate’s technology will enable them to do so with ease.

“We are always looking for innovative solutions to improve our team operations, and we believe that TransferMate’s services will greatly benefit us in managing our international payments,” said Guenther Steiner, Team Principal of Haas F1 Team. “We are excited to work with TransferMate and look forward to a successful partnership.”

The partnership between TransferMate and Haas F1 Team highlights the importance of efficient and secure cross-border payments in the world of motorsports. By leveraging TransferMate’s technology, Haas F1 Team will be able to focus on what they do best – racing – while leaving the complexities of international payments to the experts.

Overall, this partnership is a win-win for both parties, as TransferMate gains visibility and exposure through its association with a prestigious racing team, while Haas F1 Team benefits from a streamlined payments process that will help them operate more effectively on a global scale. With the 2022 Formula 1 season on the horizon, fans can look forward to seeing the fruits of this partnership as Haas F1 Team takes to the track with the support of TransferMate behind them.