FinTech Magazine May 2024 | Page 43

THE DWOLLA BALANCE

04 Dwolla

Dave Glaser CEO ,
Dwolla

THE DWOLLA BALANCE

REVENUE : US $ 10.2M FY2023 EMPLOYEES : 75 CEO : DAVE GLASER FOUNDED : 2008 ( DWOLLA )
offers digital wallet-like services for businesses via The Dwolla Balance . This functionality enables Dwolla ’ s customers to hold and move funds in and out of their balance as if it were a wallet . Money transferred using The Dwolla Balance is done so through the company ’ s financial institution partners , which include major US banks such as Bank of America . Users can send payments via automated clearing house ( ACH ), real-time payment ( RTP ) or to a debit card with push-to-debit . With Dwolla , businesses can transfer money and complete purchases more easily than ever before . fintechmagazine . com 43