WireFX, a Minnesota based fintech startup and Stearns Bank N.A. (“Stearns Bank”), an independently-owned financial institution with locations in Minnesota, Florida and Arizona announce their partnership to support fintech and payment companies with FDIC insured bank accounts.
WireFX will utilize Stearns Bank’s sponsorship to offer domestic and international payments across ACH, domestic and international wires, and virtual banking accounts.
“WireFX has always been committed to community banks, credit unions, and fintechs so this partnership with Stearns Bank represents the best of both worlds,” said Jeff Althaus, WireFX President & CEO. “Through our work with Stearns Bank, WireFX can now support the fintech community with critical banking services.”
Stearns Bank will also leverage the WireFX payments platform to easily onboard and manage current and new fintech clients as it looks to expand this customer segment.
“Sponsoring WireFX was an easy decision for us thanks to their advanced technology and compliance first payments platform,” said Kelly Skalicky, President and CEO, Stearns Bank N.A.. “We are excited to expand this partnership, opening the door to fintechs and community banks across the U.S.”