New partnership simplifies adding payment functionality to a financial application.
Financial technology company Dwolla, Inc. is partnering with Productfy, Inc. to make ACH payments available for the financial applications being built on Productfy’s platform. With options to add features like compliance checks, account verification, card issuance and now ACH payments, Productfy provides an out-of-the-box solution for building a financial application.
With Productfy, users select up to seven different features for their financial application. Combining services like Know Your Customer checks, bank verification and card issuance under one umbrella significantly reduces the time-to-market and activation cost for developing FinTech applications.
The ability to offer comprehensive services for companies that want to quickly build a FinTech application means that Productfy has engaged with several strategic partnerships. A recent graduate of the Envestnet | Yodlee® Incubator program, Productfy also engages with Yodlee to enable bank verification and is now partnering with Dwolla for ACH payments. Joining the Dwolla Partner Ecosystem as a reseller enables Productfy to offer its users’ ACH payment functionality—via Dwolla’s white-label API.
“We are thrilled to partner with Dwolla and Envestnet | Yodlee to bring the most advanced FinTech platform to help companies build world-class financial products faster and serve customers better,” says Duy Vo, CEO of Productfy. “With our innovative platform you can configure full-featured applications in less than an hour and launch in as little as three weeks! We are changing the way FinTech products are built—for good!”
Dwolla, Inc. is a financial technology company that offers businesses an onramp to the Automated Clearing House Network, the electronic funds-transfer system used by U.S. financial institutions that moves $51 trillion annually. The Dwolla Partner Ecosystem was formed to provide Dwolla’s clients with access to services that can help them scale effectively.
“There are a lot of parallels between Dwolla and Productfy, which is why we’re so excited to have them as part of the Dwolla Partner Ecosystem,” says Brooke Quinn, Dwolla’s Vice President of Sales and Customer Success. “Dwolla was founded to provide access to complex banking infrastructure, while Productfy helps you—literally—build a secure, scalable and robust financial application. Together, we’re simplifying the complex.”
Companies are finding their product-market fit, using Productfy and Dwolla.
Productfy, Inc. is the fastest, most secure, and cost-effective SaaS platform to build full-featured FinTech and InsurTech applications or add financial products like charge card issuance, depository services, ACH transfer/payments, financial account linkage/transactions, KYC, credit reports and scores, loyalty programs and more. The platform combines a secure and massively scalable modular architecture with the most comprehensive marketplace of vetted best-in-class financial products under a unified API with customizable widgets. The platform supports SMB lending, personal financial management and investment, savings, payments, loan payoff, card issuance/rewards and many other applications. For more info: www.productfy.io
Dwolla, Inc. is a financial technology company that is changing the way businesses send and receive funds. The company offers a seamless, white-label API platform to connect to the ACH Network to initiate payments.
Since 2008, when Dwolla began creating the ideal platform to move money, the company has helped move billions of dollars for millions of end-users annually for businesses of all shapes and sizes; in addition, Dwolla has been mentioned in Inc., Forbes and the Wall Street Journal. Businesses that need to efficiently send or receive money and are ready for the future either use Dwolla—or they should.