At Dwolla, we believe in the continual advancement of payments and financial technology. Alongside other fintech players, we’ve been working hand-in-hand with the Bill & Melinda Gates Foundation to further its vision of financial inclusion.
With the development of Mojaloop, a new open-source software for creating interoperable payments platforms, the Gates Foundation aims to help level the economic playing field for the world’s poorest people. The tool can be used to build interoperable payment platforms that connect banks, providers, and customers across a country’s economy.
An API-based approach provides secure and real-time connectivity
Customize payments integrations for unique needs
Designed as a holistic solution or as interoperable components
Enforce, track, and monitor key requirements
We saw this project as an excellent opportunity to contribute and share our knowledge and experience building in the fintech space
Our goal has always been to build the ideal way to move money. Partnering with Gates furthers that never-ending vision
We have always put developers first in building our products, and continue to do so with this open source solution
At Dwolla, we were excited to contribute to a once-in-a-lifetime project, furthering payments for everyone. The same payments and technology experts that have helped build new open-source software supported by the Gates Foundation have also built and developed Dwolla’s API.
Dwolla, Inc. is an agent of Veridian Credit Union and Compass Bank and all funds associated with your account in our network are held in pooled accounts at Veridian Credit Union and Compass Bank. These funds are not eligible for individual insurance, including FDIC insurance and may not be eligible for share insurance by the National Credit Union Share Insurance Fund. Dwolla, Inc. is the operator of a software platform that communicates user instructions for funds transfers to Veridian Credit Union and Compass Bank.