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Building the best platform to programmatically move money. See what is capable with Dwolla: https://t.co/xPsPxNV8O0 #DoMoreWithDwolla
Dwolla offers real-time payments system and payments network to financial institutions. It also offers direct P2P payments transfer to consumers.
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
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.
Major clients are from E-commerce firms
BBVA Companies-customers can send and receive money through Dwolla Seamless-P2P money transfers Fiverr- Dwolla payment option
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.
VALUATION / MARKET CAP:
$48 M in 2018
$10M+ in 2018
The company had more than $10Million of revenue in 2018
BOARD MEMBERS AND ADVISORS
NUMBER OF EMPLOYEES
Ben Milne(CEO); Charise Flynn(COO)
DATE OF LAST FUNDING
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).
SEED & PRIOR FUNDING
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
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