Dwolla
payments . software/whitelabel/apis-payments . p2p payments . artificial intelligence/machine learning
FOUNDING YEAR: 2008
LOCATION: United States
Last Update: 19/01/2021
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About
Building the best platform to programmatically move money. See what is capable with Dwolla: https://t.co/xPsPxNV8O0 #DoMoreWithDwolla
MEDICI Analysis
Dwolla offers real-time payments system and payments network to financial institutions. It also offers direct P2P payments transfer to consumers.
Focus
PRODUCTS & SERVICES
Digital payment network. Secure connects customers to with US banks and credit unions to enable safe,fast bank transfers. Payment tools-Dwolla Payment app for P2P payments, Payment Gateway services, ACH payment services for banks & finance institutions, White label services
REVENUE MODEL
Dwolla doesn't take a percentage of the transaction. It only asks for $0.25 whether it's moving $1 or $1,000. It follows a subscription model from $25 to $1500.
MAIN CLIENTS
Major clients are from E-commerce firms
Banks
EXISTING PARTNERSHIPS
BBVA Companies-customers can send and receive money through Dwolla Seamless-P2P money transfers Fiverr- Dwolla payment option
COMMENT
The Iowa-based company has built its own alternative to the credit card networks and Automated Clearing House (ACH) by which it can avoid the hefty interchange fees levied by the credit card companies and it can offer instantaneous transfers, avoiding the sometimes multi-day waiting periods associated with ACH.
Traction
VALUATION / MARKET CAP:
$48 M in 2018
COMPANY TYPE:
For Profit
REVENUE
$10M+ in 2018
REVENUE COMMENT:
The company had more than $10Million of revenue in 2018
People
FOUNDERS
Shane Neuerburg
BOARD MEMBERS AND ADVISORS
Scott Weiss
Matt Harris
Mark Fields
Suku Radia
Albert Wenger
NUMBER OF EMPLOYEES
51-200
INVESTORS:
KEY EMPLOYEES:
Ben Milne(CEO); Charise Flynn(COO)
Ben Milne
Momentum
FUNDED
YES
NUMBER OF FUNDING ROUNDS
8
TOTAL FUNDING
$44.45 M
DATE OF LAST FUNDING
Feb 2018
IPO STATUS
Private
TOTAL FUNDING COMMENT
The company is planning use the fund for growing capital requirements as a financial platform and also for expanding its team size (Feb 2018).
ESTIMETED REVENUE RANGE
$1M to $10M
SEED & PRIOR FUNDING
$250 K
FUNDING SERIES
SERIES A · $1 M · Nov 2010
SERIES B · $5 M · Feb 2012
SERIES C · $16.5 M · May 2013
SERIES D · $9.7 M · Sep 2014
OTHERS · $12 M · Feb 2018
PRIZE MONEY
$110 K
LISTED
NO
company provided insights
Web Traffic
MONTHLY VISITS
58,410
AVERAGE VISITS (6 MONTHS)
58,430.23
MONTHLY VISITS GROWTH
19.78%
VISIT DURATION
661
VISIT DURATION GROWTH
11.23%
PAGE VIEWS VISIT
6.29
PAGE VIEWS VISIT GROWTH
-22.49%
BOUNCE RATE
45.99%
BOUNCE RATE GROWTH
0.12%
GLOBAL TRAFFIC RANK
339,934
MONTHLY RANK CHANGE
-85,014
MONTHLY RANK GROWTH
-20.01%
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