Payment platform seeks international expansion and raises capital to improve digital financial solutions for businesses
“We are still excited about the speed of innovation and the demands of the market,” said Dwolla CEO Brady Harris. “We continue to see significant growth in customer and payment volume, partly due to our new products like real-time payments, push-to-debit and our low-code solutions. This funding will allow us to take full advantage of the momentum we have experience while we continue to scale our tech stack with innovative solutions and invest in market launch capacities with international expansion and technical integration with exciting fintech partners. ”
Dwolla has seen its transaction volume increase by 80% since the beginning of the COVID-19 pandemic, and the trend is rising $ 30 billion in 2021. These expanded volumes come with a growing customer base that has added nearly 3 million end users to the Dwolla platform by the first half of 2021, underscoring the need for a digital payment solution that meets the operational needs of modern businesses and their customers can meet.
“It’s invigorating to be part of such a long-standing industry and to see companies like Dwolla continue to find new ways to innovate,” said Andrus. “Dwolla is revolutionizing an industry whose benchmarks for checkbooks and cash as primary sources of payment are outdated and inefficient. The Dwolla team’s ability to come up with new solutions, use new tools, and take a modern approach to a traditional process has increased tenfold in companies, these are all important aspects that I look for. Dwolla exceeds the expectations of a company that can scale its operations to meet the evolving needs of a modern business. ”
To date, Dwolla has more than $ 70 million in capital from investors such as Andreesen Horowitz, High Alpha, Thrive Capital, Ludlow Ventures, and others. Brands like GOAT, Ibotta, and Rally benefit from Dwolla’s robust payment platform, which is supported in financial technology across a range of industries from real estate to education and more.
This announcement follows the latest product additions from Dwolla, which offer innovative solutions such as real-time payments, push-to-debit and low-code drop-in components.
For more information on how Dwolla is shaping the future of modern payments, please visit Dwolla.com.
Dwolla, Inc. is a fintech company that helps innovative companies digitally transform their payments. Dwolla’s robust platform and low-code API simplify the complex process of integrating it into the various payment networks. Since 2016, companies have white-labeled Dwolla’s advanced payment technology to schedule payments in real time, same day or on a debit card. Today the most innovative companies program their payments with Dwolla – or should be.
Head of Marketing,
BLASTmedia for Dwolla,