Partnerships / Acquisitions

Dwolla Partners With Currencycloud On International Payments

The Axis

Financial technology company Dwolla has announced it is teaming up with global payments platform Currencycloud so that its clients can facilitate international payments.

Launched in 2008, Dwolla has helped move billions of dollars for millions of end-users annually for a variety of businesses. While Dwolla’s ACH payment API connects businesses to the ACH Network to facilitate payments within the United States, the partnership with Currencycloud allows Dwolla’s clients to carry out international payments in 35 currencies and 180 countries.

The partnership is part of the Dwolla Partner Ecosystem, a network of forward-thinking businesses formed to provide Dwolla’s clients with access to services to better build their business.

“We live in a world that is ever-more connected. We want our phones to control our thermostats and our televisions, we want our messaging apps to sync up with our calendar apps. The Dwolla Partner Ecosystem was born out of that idea of interconnectivity,” Stephanie Atkin, Dwolla’s vice president of marketing, said in a press release. “Dwolla is the leader in domestic payments, Currencycloud brings that same level of trust for international payments. This partnership allows our customers to get the best of both worlds. We couldn’t be more excited about this opportunity and its potential.”

Launched in 2012, London-based Currencycloud is regulated in Europe, the U.S. and Canada, and has processed more than $50 billion to over 180 countries. The company works with banks and FinTechs including Starling Bank, Standard Bank South Africa, Travelex and Brookline Bank.

“We’re thrilled to join the Dwolla Partner Ecosystem, a group of FinTechs with shared passion for removing payments pain points with flexible API technology,” added Richard Arundel, co-founder and general manager, North America at Currencycloud. “We pride ourselves on helping to simplify international payments for businesses so that they can focus on delivering great customer experience, and with this new partnership our clients can now leverage Dwolla’s domestic payments API.

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