New partnership allows customers of both companies to access a powerful money moving system and a business verification toolset.

/EIN News/ -- Des Moines, Iowa, Oct. 22, 2019 (GLOBE NEWSWIRE) -- A pair of emerging technology companies are partnering to make their services available to each other’s clients. Financial technology company Dwolla, Inc. announced a partnership with Middesk to make the latter’s business verification tool a part of the Dwolla Partner Ecosystem. The Middesk Identity product increases business verification rates while also serving risk and compliance teams, flagging for “high-risk” or inconsistent classifications during the onboarding process.

Since moving into production at the start of 2019, Middesk offers onboarding for businesses that takes less than two minutes while also helping reduce their access fees for costly state data. By joining the Dwolla Partner Ecosystem, Middesk will offer its services to Dwolla’s customers that are onboarding businesses or financial institutions to their platform. 

“A positive onboarding experience provides the customer-business relationship with a solid foundation to grow from. That’s what Middesk offers, a frictionless onboarding for business clients,” says Stephanie Atkin, Vice President of Marketing at Dwolla. “The diversity of first-class services within the Dwolla Partner Ecosystem really shows how much great technology exists in the market today.”

Dwolla, Inc. is a financial technology company offering 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 company launched the Dwolla Partner Ecosystem in the summer of 2019 to connect its growing list of innovative customers with services to help them scale. 

“We are excited to join the Dwolla Partner Ecosystem and accelerate the growth of a larger group of customers,” says Kyle Mack, CEO and co-founder of Middesk. “Our team is entirely focused on enabling risk and compliance teams to streamline customer onboarding, minimize their compliance risk and increase their teams' efficiency. Now Dwolla clients can easily leverage these modern solutions.”

The Dwolla Partner Ecosystem portfolio consists of companies offering international payments, bank account verification, fraud monitoring and additional technical resources for development. 

Verified Businesses #DoMoreWithDwolla 

About Middesk

Middesk delivers business verifications, legal and regulatory checks and industry classification products for companies selling to businesses. Founded in 2018, Middesk's products accelerate the growth of customers like Brex, Plaid and Checkr. With modern compliance and risk tools, Middesk offers end-to-end solutions for companies to verify, screen and monitor their customers. Middesk is based in San Francisco, and is backed by Accel, Sequoia Capital and Y Combinator.

About Dwolla

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. Learn more at http://www.dwolla.com/. 

Genny Couch
                  Dwolla, Inc.
                  partnerships@dwolla.com
                  
                  Will Saborio
                  Middesk
                  will@middesk.com