New partnership decreases the development overhead required for businesses to implement and manage a relationship with a payment service provider.
Dwolla, a fintech providing sophisticated account-to-account payment solutions for innovative businesses, announced a partnership with Infinicept to provide software companies with the maximum flexibility and benefit in payment processing.
“The goal of any fintech partnership is to create a relationship that benefits both sets of customers,” said Brady Harris, CEO of Dwolla. “ Having worked with Todd (Ablowitz, Infinicept’s Co-CEO and Co-Founder) for over 20 years, this arrangement does just that. Dwolla’s balance functionality and ledgering service add much-needed functionality for Infinicept’s clients while we get a world-class card acceptance partner. I really believe this partnership is a win-win for our companies and for all clients of both Dwolla and Infinicept.”
Infinicept and Dwolla are both neutral providers that supply maximum flexibility to software companies looking for a payment service provider. This partnership makes account-based payments more seamless, easier to integrate into existing systems and decreases the development overhead required to implement and manage a payments program. Infinicept adds sophisticated account-to-account payments to its toolbox while Dwolla adds a payment operations provider to its partner ecosystem, increasing the payment options for businesses and their customers.
“Through Infinicept’s partnership with Dwolla, software companies can work with multiple processors to meet all business needs and decrease the development overhead required to run a payments program,” said Todd Ablowitz, Co-CEO and Co-Founder of Infinicept. “The partnership will also eliminate the need for companies to manage multiple FBOs, giving them creative solutions to meet the needs of their payments program.”
This announcement puts a bow on a busy year for Dwolla, which included a $21 million fundraise to support product expansions and the launch of Real-Time Payments. 2021 was a big year with Infinicept’s Executive Team expansion and launch of their Partner Network to drive the transformation to software-led payments.
Dwolla, Inc. is a fintech company helping innovative organizations digitally transform their payments. Dwolla’s robust platform and low-code API simplifies the complex process of integrating with the various payment networks. Since 2016, businesses have white-labeled Dwolla’s modern payment technology to program payments in real time, the same day or to a debit card. Today, the most innovative companies are programming their payments with Dwolla—or they should be.
Infinicept helps software companies get all the advantages of embedded payments—including more revenue and more control of the merchant experience—without the disadvantages of DIY approaches or off-the-shelf solutions. Infinicept tools and services simplify everything from underwriting and onboarding to risk monitoring and payouts. Customers can count on more foresight, more freedom, and more follow-through to get payments going their way. With more than 250 customers in over 30 countries, Infinicept’s platform volume is growing at 800 percent per year, and the company reached 95th on the Inc. 5000 list and continues to stay in the top quarter.