How NMI and Dwolla's combo boosts a key card alternative
Summary
NMI agreed to acquire Dwolla to add account-to-account (A2A) and real-time payment capabilities to its embedded payments platform; terms were not disclosed. Dwolla CEO Dave Glaser will join NMI as chief operating officer to lead integration and ensure continuity for Dwolla customers, partners and employees. The deal adds Dwolla’s A2A APIs and roughly 400 clients to NMI’s white-label payment platform, expanding distribution and international processing reach. NMI, which processes over $600 billion annually, plans to use the acquisition to support pay-by-bank adoption, instant settlement rails and next-generation money-movement use cases.
Classifications
industries
Fintech & Banking
applications
Accounting and Taxes
AskAI Classifications
Labels
Financial Technology
Payment Software
SaaS
Linked Companies
Dwolla, Inc.
$10M to $25M
NMI
$25M to $50M