Productfy Enters Into Partnership with Stearns Bank

Aaron Huang
Posted by Aaron Huang | May 11, 2021

We started Productfy in 2018 with the ethos that we could change the way financial products and services are built, for good. 

This maxim has served as the driving force behind our banking as a service architecture, our open source GraphQL initiative, our commitment to working with similarly aligned companies, and our partnership approach to banks. 

Today we are excited to announce our new partnership with Stearns Bank National Association, a high performance leader in banking and a forward-thinking organization driving fintech adoption as a force for positive impact. 

For companies looking to build innovative money movement, neobank, payment processing, and card issuance solutions, Stearns Bank and Productfy are committed to formulating a progressive approach to quickly and efficiently qualify, onboard, and launch a FinTech program to market in as little as three weeks.  

Here are just a few solutions you can launch with our new partnership and ecosystem:

Unified Money Movement

ACH Flow (1)

With the new partnership, any non-bank company can tap into a unified solution that includes ACH (standard or same-day), Account Verification (via our Yodlee partnership) - including automatic micro deposit verification as a no-charge add-on, KYC as a service, and our FinSight Profile which includes our unified data reporting, general ledger, and GraphQL builder for more flexible and custom feature implementation.

Deposit and Virtual Accounts

Digital Banking

Tie ACH payments or cards into underlying deposit or virtual accounts. With Productfy powering the subledgering, we can support multiple digital banking and account use cases.

With Virtual Accounts, application developers have a more cost effective and flexible option than a standard DDA structure. Virtual accounts are powered by Productfy’s sub-ledger with the Bank’s Omnibus Accounts.


Debit Cards

Debit Card

In addition to Stearns Bank as a bank partner, our ongoing partnership with Marqeta, ArrowEye, and MasterCard enable innovators to qualify, build, and deploy innovative debit card programs in a fraction of the time (and headache) than DIY. 

Our best customers (and partners) share our mission: to democratize access to millions of Americans who have traditionally been left out of or underserved by the financial system. It’s who we are, and it’s what we aspire to do. It’s the reason we have worked so many late hours to bring Productfy to life. We believe embedded FinTech has the potential to help reduce the tremendous wealth gap and give the most vulnerable among us the opportunity to thrive. 

Learn more about how to qualify for our next cohort of FinTech innovators by telling us about your project.

About Stearns Bank

Minnesota-based Stearns Bank National Association is a $2.2 billion, independently-owned financial institution with locations in Minnesota, Florida and Arizona, and over 35,000 small business customers nationwide, in every U.S. state. Recognized as one of the nation’s top-performing banks by American Banker and once again ranking in the top 10 highest performing banks in the nation, earning a ranking of #9 among banks having more than $1 billion in assets based on a 3-year average return on assets as reported by the Independent Community Bankers Association in their 2021 “Best of the Best” ranking. Stearns Bank specializes in small business lending and equipment financing. Driven by a passion to help others achieve their greatest ambitions, Stearns Bank gets the job done! For more information, visit

About Productfy

Productfy is a developer-friendly platform that makes it easy for companies to build and launch financial products. With embeddable applications built on top of a flexible general ledger and backed by world-class financial and compliance experts, companies can access a unified solution to accelerate innovation and time to market. With Productfy, developers can configure in hours, integrate in days, and go from idea to full stack deployment in as little as 3 weeks.  For more information, please visit