Haas have welcomed in a new partner in the form of a global payment transfers firm amid their dispute with former title sponsor Uralkali.
TransferMate was formed in Ireland in 2010 when Terry Clune and Sinead Fitzmaurice partnered to provide a more cost-effective way of transferring money overseas.
It has since branched out to the United States, and it is estimated that they have received $51 million worth of investment from the likes of ING and Allied Irish Banks.
Their goal with Haas is to “provide cross-border payments services through its unrivalled global payments infrastructure,” and Guenther Steiner is delighted with the partnership.
“We’re delighted to welcome TransferMate and we look forward to a productive working partnership in 2022 and beyond,” he told the team website.
“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.”
Fitzmaurice believes her company’s appetite for innovation perfectly suits the upwards trajectory and ambitious goals Haas have set in 2022 as they recover from their horrible 2021 season.
“We’re delighted to become an official team partner of Haas F1 Team. The partnership brings together two like-minded organizations, each with a strong commitment to challenging norms through innovation,” she added.
“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.”
The news comes after Haas split with former name partner Uralkali amid Russia’s ongoing war on Ukraine.
Dmitry Mazepin’s potash producer firm was brought on board ahead of the 2021 season, and his investment facilitated the arrival of his son, Nikita.
The 23-year-old endured a dreadful rookie year, and ultimately had his contract terminated by the team when they split with his oligarch father’s company.
Uralkali has since requested that Haas reimburse them the money they already paid to the team in 2022, which the American team have denied, instead suggesting that Uralkali pay the remainder of the money they owed in order to receive an F1 car from them.
The Mazepins have been sanctioned by the European Union due to their close links with Russian President Vladimir Putin, but Nikita has labelled claims that he is a “fan” of Putin as “incorrect.”