“Can a compliance-first payment technology platform become the connective layer between modern fintechs and traditional US financial institutions for domestic and international payments?”
Founded in 2019 as WireFX by payments industry veteran Jeff Althaus, the company identified a gap between traditional US bank infrastructure and modern fintech expectations. It was initially positioned as a cross-border and FX payment technology platform. By 2024 the company rebranded to Mozrt, broadening its value proposition to serve both financial institutions (banks and credit unions needing payment modernization) and fintechs (connecting them to FDIC-insured bank partners). The rebrand reflects a shift from a single-product FX tool to a full-stack compliance-first payment orchestration platform supporting international payments, domestic rails, FedNow, and virtual accounts.
WireFX discloses Stearns Bank N.A. as its sponsor bank, according to the Embedded Finance Index 2026.
WireFX does not disclose a bank charter of its own; its banking services are provided through Stearns Bank N.A..
WireFX processes payments through global payments.
WireFX uses Monex USA for FX and cross-border payouts.
The Embedded Finance Index 2026 maps 3 layers in WireFX's stack: Payments / PSP (global payments); Sponsor bank (Stearns Bank N.A.); FX & payouts (Monex USA).
WireFX was founded by Jeff Althaus and is founded in 2019, headquartered in East Gull Lake, MN (incorporated in Delaware).
Get a read on where your own stack stands against WireFX and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.