When building a Dwolla platform application it's important to understand the Customer Types you can use. These are building blocks for your funds flows and the right end user experience. There are 3 Customer Types to understand. They are outlined on the Dwolla developer website but lately I find myself drawing them on a whiteboard… Continue reading Understanding Dwolla Customer Types
Capital Pool Conundrums
When money moves, en masse, there are typically collateral requirements somewhere. To oversimplify it, that's basically money (cash) one party has to give someone else in case something goes wrong. Sophisticated organizations might be able to use a bond, letter of credit, debt vehicle, or some other type of asset but most of us get… Continue reading Capital Pool Conundrums
Servicing millions of end users through one Dwolla integration
Dwolla released support for third party technical integrations this week. This is substantial for our clients because it opens up connectivity between applications built on Dwolla, and also opens up connectivity to third parties. For businesses, it's a way to reach millions of end users through a single integration. For existing Dwolla clients, it's a… Continue reading Servicing millions of end users through one Dwolla integration
Helping you raise capital
The Dwolla team is introducing investor meetings at Monetery this year to connect early stage companies with investors they might not otherwise meet. These meetings are structured as sit down introductions between the VC and company. They are low stress and are simply a way for people to get to know one another. Which is… Continue reading Helping you raise capital
Building leadership teams
I’ve been fortunate to work with and learn from some talented leaders. Dwolla is hiring a VP of Sales which got me into a long conversation about this topic with Jenna Hogan, who runs talent at Dwolla. We were talking about some shared positive traits in leaders and I thought it would make for an… Continue reading Building leadership teams
Focus is good
There is an update that was put on Dwolla's website today called Focus. The post is about functionality that will no longer be supported in our products. Sunsetting features is nothing new for the company but this feels different. The company is different. The products we're building now are different. Where we're innovating is different. It feels… Continue reading Focus is good
Breaking down the Dwolla network to its core.
Dwolla, as a network... has no money. It's not a bank and it does not hold money. The Dwolla network talks to banks on behalf of members of the network. Your money, my money, is already virtualized. The first time I was explaining that concept to a bank they looked at me sideways and the… Continue reading Breaking down the Dwolla network to its core.