By: Ben Milne,

Building the ideal API to move money is a phrase that has become a part of our DNA. It’s also created a lot of new opportunity for our customers and team. The new opportunity comes with growth and the need to finance it.

New investors have joined our team. The new round was led by Union Square Ventures and Foundry Group with participation by Next Level Ventures, Ludlow Ventures, High Alpha, Firebrand Ventures, and Detroit Venture Partners. This funding will be used to expand our sales and account management operations in Des Moines, IA.

You’ll also notice some product changes over the next few weeks, some of which have begun today. Our white label products are being rolled up into a new API suite. Nothing changes for current customers, but additional features will be rolled into the Access API to make building software that connects to the banking infrastructure easier.

Our values are focused on our customer. Our teams are focused on our customers’ success. Our investors are focused on helping us grow what works. 

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Financial institutions play an important role in the Dwolla network.

Dwolla, Inc. is an agent of Veridian Credit Union and Compass Bank and all funds associated with your account in the Dwolla 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.