FinovateSpring 2015 / Dwolla
Presenter Profile:
How they describe themselves: Dwolla allows anything connected to the Internet to move money quickly, safely, and at a cost as low as possible.
How they describe their product/innovation: In this demo, got an insider’s view into Dwolla’s real-time technology by witnessing some of the applications that have been built on the Dwolla platform. For example, Dwolla CEO, Ben Milne, will offer an overview of Dwolla’s unique approach to authentication and user discovery (through Dwolla’s Directory technology) and walk through how these two features are currently being integrated into one of the world’s largest financial institutions and a growing number of application partners. The live bank level tokenization model eliminates the threat of providing personal information (i.e. bank credentials or routing and account numbers) to a third-party or having to later tokenize the data downstream.
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms
Contacts:
Press: Jordan Lampe, Director of Communications & Policy Affairs, jordan@dwolla.com
Sales: Anne Driscoll, VP Marketing & Sales, anne@dwolla.com
Website: dwolla.com
Blog: blog.dwolla.com
Twitter: @dwolla
HQ: Des Moines, IA
Founded: December 2008
Product Demoed: FiSync
Metrics: $32.5M in funding, over 70+ employees across 4 offices (SF, DSM, KC, NYC)
Presenters: Jordan Lampe (Dir., Communications & Policy Affairs), Chad Ballard (Director, Mobility and New Digital Business Technology, BBVA Compass)
- Key Executives
Ben Milne (CEO & Founder), Charise Flynn (Operations), Brent Baker (Product Lead), Anne Driscoll (VP Marketing & Sales), Arjun Jayaram (Technology Lead)
Key Stats
- Key Board Members
Jeff Russell (The Members Group), Ben Milne (Dwolla), Albert Wenger (Union Square Ventures)
- Key Investors
Andreessen Horowitz, CME, The Veridian Group, The Members Group, Thrive Capital, A-Grade Ventures, Artists and Instigators, Paige Craig, Village Ventures, Union Square Ventures
- Key Advisory Board Members
Nick Evens (The Veridian Group), Mark Fields (CME), Scott Weiss (Andreessen Horowitz)
- Key Partnerships
We partnered with BBVA Compass to streamline real-time payments leveraging Dwolla’s FiSync. As of April 8, 2015, individuals, businesses, startups, developers, enterprise clients, and any eligible BBVA Compass account holder is able to send and receive funds to and from the Dwolla network in real-time.