We're lucky to be joined today by Dave Glaser, CEO of American payments giant Dwolla, one of the first fintechs.

Dwolla is a fintech company that provides businesses with a connection to the ACH Network or RTP Network (The Clearing House’s privately-owned real-time payments network).

The company was founded in 2008 and launched in the United States in December 2010 to a few small banks and retailers. By June 2011, Dwolla had grown to 15 employees, 20,000 users, and $1 million in weekly processing volume.

Today, Dwolla has about 650 clients and about 30 million users. It processed $45 billion in payments in 2022, up from $30 billion in 2021 and $20 billion in 2019. About 80% of its clients are small businesses.

Dwolla provides a white label service consisting of APIs to use the ACH system[9] and white label services expanded from payouts to include instant bank authorization for debiting bank accounts.

Dave Glaser has a long history in fintech: Starting at the turn of the century, he led payment protection and anti-fraud company CyberSource through its 2014 acquisition by Visa, before going on to join Worldpay in the UK as its Chief Product and Marketing Officer for Global eCommerce. Coming back to the US, Dave was brought on by Mastercard as a Senior Vice President for Acceptance Solutions, before being offered the President and COO role at Dwolla and stepping up as CEO in 2023.

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