Dwolla links clients and partners to diversify tech options

Dwolla is quickly adding to its product line by arranging for clients to connect directly to the payment company's third party collaborators.

The Dwolla Partner Ecosystem allows access to service providers for international payments, bank verification, development resources and other services.

New partners to the Dwolla Partner Ecosystem are Currencycloud, TransferMate and We Write Code, a software development company. Additional partnerships are being vetted and negotiated.

Ben Milne, CEO of Dwolla
Ben Milne, founder and chief executive officer of Dwolla Corp., speaks during the WSJDLive Global Technology Conference in Laguna Beach, California, U.S., on Tuesday, Oct. 25, 2016. The conference brings together an unmatched group of top CEOs, founders, pioneers, investors and luminaries to explore tech opportunities emerging around the world. Photographer: Patrick T. Fallon/Bloomberg
Patrick T. Fallon/Bloomberg

Dwolla has recently focused on providing ACH transfer services to businesses, after years of developing mobile payment capabilities and working with banks to deliver faster payments.

The partner ecosystem adds to a Dwolla platform that focuses on a white-label payments API, an on-ramp to the Automated Clearing House Network. Dwolla has previous partnerships with Plaid, which establishes a token exchange as a bank account verification tool, and Sift, which delivers machine learning as a fraud prevention tool.

Since going to market with its ACH-optimized API in 2015, Dwolla reports it has attracted startups and larger businesses that want to create more efficient payments.

"Many of these companies are at an early stage of their payments journey and need the right payments provider backing them from the start in order to allow for rapid and systematic expansion," Dwolla product marketing manager Genny Couch wrote in a company blog.

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