Learn how this savings app found fast success with the Dwolla Platform
Case Study: Kidfund outpaced its transferred funds projection by 20% after implementing Dwolla for payments
Kidfund aspires to help parents save for their children, efficiently and seamlessly. To overcome user onboarding concerns, Kidfund integrated the Dwolla Platform, creating a fluid experience for connecting a banking source and transferring funds. Walk through the integration process in this case study and understand how Kidfund got the exact functionality it needed.
ACH is not a simple process to understand. If you told me I had to deal with SFTPing fixed-width text files to a bank or the Federal Reserve, I would probably run. But Dwolla takes all of that complexity and wraps it up behind a well-documented API that does exactly what it says it does, so all we have to think about in transferring money is ‘who’ and ‘how much.'
- Chris Johnson, Sr. Developer
Financial institutions play an important role in our network.
Dwolla, Inc. is an agent of Veridian Credit Union and Compass Bank and all funds associated with your account in our network are held in pooled accounts at Veridian Credit Union and Compass Bank. These funds are not eligible for individual insurance, including FDIC insurance and may not be eligible for share insurance by the National Credit Union Share Insurance Fund. Dwolla, Inc. is the operator of a software platform that communicates user instructions for funds transfers to Veridian Credit Union and Compass Bank.