WireFX partners with Stearns Bank NA to serve Fintech and payments companies

Partnership will support fintech and payments companies with FDIC-insured bank accounts.

MINNEAPOLIS, MN, USA, October 24, 2022 /EINPresswire.com/ — WireFX, a Minnesota-based fintech startup and Stearns Bank NA (“Stearns Bank”), an independently owned financial institution with locations in Minnesota, Florida and Arizona announce their partnership to support fintech and payments companies with FDIC-insured bank accounts.

WireFX will use Stearns Bank’s sponsorship to offer domestic and international payments across ACH, domestic and international wires and virtual bank 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 customers 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 NA. “We are excited to expand this partnership, opening the door to fintechs and community banks across the US”

Fintechs looking to create innovative payment experiences for their customers can learn more by connecting with WireFX at www.wirefx.com. To learn more about Stearns Bank visit www.stearnsbank.com.

About WireFX
WireFX is an end-to-end technology and compliance-first digital platform that empowers banks, credit unions and fintechs. WireFX has now expanded its advanced payment capabilities by including payment companies with the ability to open transform their payment and currency processes, while providing customers with a seamless global payment experience that unleashes new revenue opportunities. Supporting domestic and international payments, WireFX is one of the most disruptive global payments companies on the market. For more information visit www.wirefx.com.

About Stearns Bank NA
Minnesota-based Stearns Bank National Association is a $2.4 billion independently owned financial institution with locations in Minnesota, Florida and Arizona, and over 35,000 small business customers nationwide, in every state across the United States recognized for having a bulletproof balance sheet with 20% capital and achieves top rankings as one of the nation’s best performing banks by American Banker, and most recently ranked ninth in the U.S. among banks with more than $1 billion in assets by Independent Bankers May 2021 Best of the Best ranking of banks with The highest 3-year average return on assets, Stearns Bank specializes in nationwide commercial construction lending, USDA and SBA loans, and small business and equipment financing. Driven by a passion for helping others achieve their greatest ambitions, Stearns Bank’s mission is to get the job done! For more information, visit StearnsBank.com.

Andrea Sok
WireFX
+1 302-579-0211
[email protected]
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