Dwolla Stock
API solutions for bank transfers and payments
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About Dwolla Stock
Dwolla develops API solutions intended to facilitate bank transfers, managing users and verifying bank accounts. Dwolla acts as an intermediary between a customer's front end interface and the ACH network. It allows users to connect and verify their identify within a customer's application, add and verify bank accounts, and initiate payments. The Dwolla API allows users and businesses to send, receive, facilitate and perform "me to me transactions." In addition to the API, Dwolla maintains a dashboard to manage customers, view transactions and extrapolate business trends.Â
Dwolla was founded in 2008 and is based in Des Moines, Iowa. Â
Source: Dwolla; Crunchbase
Investors
Andreessen Horowitz
Lyft, Robinhood, Databricks, Airbnb, Instacart, Stripe, Magic Leap, Anduril Industries, Rappi, CoinSwitch Kuber
Union Square Ventures
Coinbase, Upgrade, MongoDB, C2FO, Stash Financial, Twilio, Funding Circle, Etsy, CloudFlare, Lending Club
Thrive Capital
Instacart, Stripe, Compass, Airtable, Opendoor, Nubank, Slack, Oscar Health, Unity Technologies, Cityblock Health
Funding History
September 2016 | $11.0M |
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February 2018 | $12.0M |
Management
Founder & CEO
Ben Milne
Board Member (Andreessen Horowitz)
Scott Weiss
Press
patents - Apr, 14 2024
Distributed database stored at an edge applicationpatents - Apr, 14 2024
Key pair authentication in a label tracking systempatents - Apr, 14 2024
Reducing information requirements in digital electronic transferspatents - Apr, 14 2024
Maintaining security in digital electronic transfers through use of a label …thefintechtimes - Apr, 10 2024
Dwolla Introduces Open Banking Services for Streamlined A2A Payments