Key Takeaways
- • Piermont Bank, a digital-first commercial bank, announced a partnership with MassPay, a fintech and global payout orchestration platform, to help growing businesses move money domestically and across borders.
- • The partnership combines Piermont's embedded banking capabilities, including payment rails and settlement services, with MassPay's payout orchestration platform, which supports payments in more than 180 countries.
- • MassPay reported a 510% year-over-year increase in payout volume in the third quarter of 2026, according to the announcement.
- • Wendy Cai-Lee, Founder and CEO of Piermont Bank, and Ran Grushkowsky, CEO of MassPay, framed the deal as a bank-fintech model that gives businesses a single path to global payouts.
Summary
Piermont Bank, a digital-first commercial bank, announced on October 22, 2026 a partnership with MassPay, a fintech and global payout orchestration platform, aimed at helping growing businesses move money with speed and confidence both domestically and across borders, according to the company's PRNewswire-PRWeb release.
The companies describe the partnership as addressing increasingly complex payment demands as businesses expand. These include paying suppliers and marketplace sellers, compensating contractors, and paying distributed workforces through a growing range of payment methods. Under the arrangement, Piermont's embedded banking capabilities, including payment rails and settlement services, are paired with MassPay's payout orchestration platform, which the release says supports payments across more than 180 countries.
MassPay reported a 510% year-over-year increase in payout volume in the third quarter of 2026, which the companies cite as evidence of growing industry demand for payout services. The release states the partnership supports the parties' shared goal of enabling small and medium-sized businesses (SMBs) to scale. The release does not disclose financial terms of the partnership.
Wendy Cai-Lee, Founder and CEO of Piermont Bank, said successful bank-fintech partnerships start with understanding what each partner does best, and that banks should provide trusted financial infrastructure that lets fintech innovators focus on their customers. Ran Grushkowsky, CEO of MassPay, said cross-border expansion often stalls because of onboarding and compliance hurdles, and that the partnership gives growing businesses one path to pay people in 180 countries.
According to the release, MassPay's platform offers a single API connecting businesses to local rails, stablecoins, mobile wallets, and real-time payout methods, including bank transfers, digital wallets, debit cards, cash pickup, and crypto, with embedded compliance and KYC. Piermont describes itself as the first cloud-native commercial bank in the U.S.
The companies describe the partnership as addressing increasingly complex payment demands as businesses expand. These include paying suppliers and marketplace sellers, compensating contractors, and paying distributed workforces through a growing range of payment methods. Under the arrangement, Piermont's embedded banking capabilities, including payment rails and settlement services, are paired with MassPay's payout orchestration platform, which the release says supports payments across more than 180 countries.
MassPay reported a 510% year-over-year increase in payout volume in the third quarter of 2026, which the companies cite as evidence of growing industry demand for payout services. The release states the partnership supports the parties' shared goal of enabling small and medium-sized businesses (SMBs) to scale. The release does not disclose financial terms of the partnership.
Wendy Cai-Lee, Founder and CEO of Piermont Bank, said successful bank-fintech partnerships start with understanding what each partner does best, and that banks should provide trusted financial infrastructure that lets fintech innovators focus on their customers. Ran Grushkowsky, CEO of MassPay, said cross-border expansion often stalls because of onboarding and compliance hurdles, and that the partnership gives growing businesses one path to pay people in 180 countries.
According to the release, MassPay's platform offers a single API connecting businesses to local rails, stablecoins, mobile wallets, and real-time payout methods, including bank transfers, digital wallets, debit cards, cash pickup, and crypto, with embedded compliance and KYC. Piermont describes itself as the first cloud-native commercial bank in the U.S.
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