Dwolla is a financial technology company. The company provides sophisticated account-to-account payment solutions to innovative organizations. It was founded in 2008 and is based in Des Moines, Iowa.
ESPs containing Dwolla
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The real-time payments (RTP) processing market focuses on providing the necessary infrastructure and technologies to facilitate instant and seamless electronic payments. This market offers solutions that enable the immediate transfer of funds between financial institutions or individuals, allowing for real-time settlement of transactions. By embracing RTP processing, businesses can benefit from en…
Dwolla's Products & Differentiators
Sending and receiving payments through the ACH Network is a valuable option for businesses because of its reliable and efficient transaction timelines. With Dwolla’s ACH payment API, businesses can offer a variety of transfer speeds (Same Day ACH, Next Day ACH) to make funds available faster in the Dwolla Network
Research containing Dwolla
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Dwolla in 1 CB Insights research brief, most recently on Oct 8, 2021.
Expert Collections containing Dwolla
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Dwolla is included in 3 Expert Collections, including SMB Fintech.
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Dwolla has filed 11 patents.
Data management, Payment systems, Computer network security, Data synchronization, Cloud storage
Data management, Payment systems, Computer network security, Data synchronization, Cloud storage
Latest Dwolla News
Nov 17, 2023
Digital Transformation for Every Legacy Space By Elizabeth Walker Elizabeth Walker has been verified by Muck Rack's editorial team Published on November 17, 2023 Driven by the integration of digital technologies like AI-enhanced automation , virtual retail spaces, and cloud-based remote work , digital transformation is reshaping traditional business operations, compelling organizations across various sectors to adapt to new modes of customer and employee interaction. While the transition to digital solutions has been underway for some time, recent global events have accelerated this shift, underscoring the urgency for organizations to evolve. Despite this recent mass push to digitally transform, some industries have resisted change, holding onto antiquated methods that no longer serve the needs of the company or their clients, preventing them from operating at their full potential and accessing a future that will only become more reliant on technology. For some, holding onto the past is a way of preserving tradition without realizing the benefits of change. For others, it minimizes costs upfront without looking at long-term savings. Whatever the reason, organizations must understand the impacts that small, meaningful changes can have on their market presence, customer experiences , and overall efficiencies. Understanding Legacy Systems The modern tech space is relatively new, beginning with the advent of the internet and booming at the turn of the millennium . In a few short years, the dot-com era came in and overhauled the way most business was conducted, trading in paper memos for emails, checks for digital payments, in-store visits for online clicks, and most manual systems for digital ones. But the process didn’t happen overnight, and in just over 40 years, some industries have remained slow adopters, holding onto legacy systems despite increasing demands to change. These industries include government, banking , construction, retail, entertainment, insurance, and manufacturing, among others. Considering the long history of these industries and their abilities to withstand changes over decades and centuries, resistance makes sense. In fact, these industries have largely challenged massive disruption by emerging technologies. However, they have not been entirely spared from digital transformation and often require outside help to move them forward. Changing the Enterprise On the enterprise level, insurance companies, banks, and supply chains mainly run on outdated systems to conduct business. For some, resistance stems from a lack of strategy or a fear of change, in addition to the concerns of migrating large amounts of data and replacing aging infrastructure. Failing to adapt directly impacts customers, but how can enterprises even begin their digital transformation journey? With small, impactful changes. For legacy-based industries like insurance and supply chains, this change can be implemented by updating payment systems. Digital transactions make up two-thirds of global payments. By streamlining these systems, organizations can reduce time spent on manual processing. Dwolla, a payment services provider, is helping enterprises in these spaces move away from paper checks to faster, cheaper, more secure digital payments. In fact, Dwolla helped one pet insurance company embed an ACH API solution to automate invoices and reimbursements. Now, instead of spending two days every week manually processing disbursement checks to policyholders, this company streamlined its platform and provided customers with a one-click solution. As a result, transaction volumes increased by 45% in just 12 months. For organizations in transportation, an API solution like Dwolla Connect provides similar enhancements to replace manual billing practices with an automated B2B payment system. This grants organizations the flexibility to move in a modern market where organizations have greater control over account-to-account payments. Now, transactions can be completed faster, saving customers time and money. Revolutionizing Entertainment While the addition of new streaming services and seemingly instant theater-to-digital film releases allude to an industry fully immersed in digital transformation, some elements of the trade remain rooted in outdated practices. In fact, the entertainment industry is grappling with changes to global production and expansion as they face an overwhelming need to find skilled workers around the world available to work right now. And with 83% of consumers in the U.S. tuning into at least one streaming service, the industry is ramping up production to keep pace with demand. Despite the increased global production, there are not enough qualified people to work in the industry. For Stage 32, this meant removing the barriers that created the talent shortage. Established as a global online community and app designed to connect people from all parts of the entertainment industry, Stage 32 recently launched a new digital certification program to help individuals get valuable training for a fraction of the cost of an art school in a fraction of the time, and with real-world career opportunities at the end of the program. These Global Entertainment Career Certifications are more accessible to traditional film schools, offering fully virtual programming starting at $299. This is a major reduction in film school debt, ranging between $100,000 to $300,000. And in addition to saving time and money, all Stage 32 Certification holders will be entered into a focused database accessible by film commissions, streamers, production companies, and other organizations. This database will inform industry insiders about who is qualified to work in every skill set and the ability to hire through the Stage 32 certification portal. As digital transformation suggests, change is a constant part of modernization . But when organizations can creatively lean into these technologies through small changes, they lay the groundwork for more meaningful innovations and become better suited to meet customer needs, compete against other organizations, reduce latency, and cut costs. Across industries, embracing digital transformation will minimize disruption to enhance business flow, streamline processes, and provide investments for the future. Tags
Dwolla Frequently Asked Questions (FAQ)
When was Dwolla founded?
Dwolla was founded in 2008.
Where is Dwolla's headquarters?
Dwolla's headquarters is located at 909 Locust Street , Des Moines.
What is Dwolla's latest funding round?
Dwolla's latest funding round is Series G.
How much did Dwolla raise?
Dwolla raised a total of $73.6M.
Who are the investors of Dwolla?
Investors of Dwolla include Union Square Ventures, Next Level Ventures, Firebrand Ventures, Foundry, Detroit Venture Partners and 17 more.
Who are Dwolla's competitors?
Competitors of Dwolla include AppBrilliance, iDEAL, Stripe, Method Financial, Buckzy and 7 more.
What products does Dwolla offer?
Dwolla's products include ACH Payments and 2 more.
Compare Dwolla to Competitors
Stripe develops a financial infrastructure platform. The company offers a suite of services including online payment processing, revenue and finance automation, and banking-as-a-service. Its services allow businesses to accept payments online or in person, automate their revenue and finance operations and embed financial services into their platforms or products. It primarily serves the e-commerce, software as a service (SaaS), marketplace, and finance automation sectors. It was formerly known as DevPayments. It was founded in 2010 and is based in South San Francisco, California.
Trustly Group is a global company that focuses on providing open banking solutions in the financial services sector. The company offers a range of services including facilitating secure and low-cost payments, instant payouts, and expedited customer onboarding. Additionally, it serves various sectors of the economy including the eCommerce industry, financial services, and gaming. It was founded in 2008 and is based in Stockholm, Sweden.
Klarna provides financial services and social shopping solutions. The company offers a platform to compare prices on a wide range of products from various stores, enabling consumers to find the best deals. Its services are primarily used by consumers and retailers in the electronic commerce industry. It was founded in 2005 and is based in Stockholm, Sweden.
Verituity is a company that focuses on transforming payouts, operating in the financial technology sector. The company offers a platform that enables faster, safer, and verified payments, reducing payout complexity, risks, and costs. It primarily serves the banking and insurance industries. It is based in McLean, Virginia.
Astra offers automated bank-to-bank transfer technology solutions for financial institutions, financial technology startups, and enterprises. The company's platform provides instant debit card transfers, ledger automation, direct deposit switching, secure automated clearing house (ACH) transfers, automated balance refills, and more. It primarily serves the financial service sector. The company was founded in 2016 and is based in Menlo Park, California.
GoCardless provides online automated, and recurring payment services. It offers a payments network for businesses to take and settle recurring payments, instant bank payments, application (API) integrations, and more. The company was founded in 2011 and is based in London, United Kingdom.