S1 E13: Ben Milne, Dwolla

Code Story: Insights from Startup Tech Leaders

Noah Labhart - Startup Founder & CTO

Tech News, News, Business, Technology, Entrepreneurship, Careers

4.6 • 216 Ratings

🗓️ 18 November 2019

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ben Milne grew up in a small town, and has had a pretty normal life. Raising a family, riding a stationary bike and funding startups through selling music gear, he has been in the tech world for a good while. His second startup started as a consumer product that you downloaded to move money between banks... without using credit cards or paying hefty fees. What he discovered was the thing they were best at was payment processing infrastructure... So he changed his business to focus on being a high performing, white label solution for enabling others to process ACH payments - and started phase two of his company, known as Dwolla. Our Sponsors: * Check out Kinsta: https://kinsta.com * Check out Red Hat: https://www.redhat.com * Check out Vanta: https://vanta.com/CODESTORY Support this podcast at — https://redcircle.com/code-story/donations Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy

Transcript

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0:00.0	Today's episode is sponsored by Twala. Dwala is a fintech company helping clients solve a fundamental business problem, how to best move money.
0:11.0	Payments are a key component of every business, yet one that can be difficult to understand.
0:17.0	Dwala's ACH payment API removes the complexity involved in moving money to and from bank accounts,
0:23.6	so businesses can continue to focus on their core revenue streams.
0:28.6	ACH transfers are efficient, reliable, and with Dwalas API, they're available for any business.
0:33.6	With a developer-friendly, white-labeled API, businesses can seamlessly integrate and brand the entire in-user experience while empowering teams to focus on generating revenue and company growth.
0:46.7	DWALA is at the forefront of a payments revolution, having created a ready-made connection to America's money-moving network and is ready to help your business
0:55.3	scale.
0:56.3	I've partnered with Dwala for over two years and can vouch for two important aspects
1:00.9	of their business.
1:02.7	Solid, reliable technology and amazing customer support.
1:07.4	Dwala enabled our team to achieve same-day pay on our platform. And if my team needs anything, we can rely on Dwala's support team to get an answer quickly.
1:16.6	Start building against Dwala's API in the sandbox environment today for free.
1:22.6	Visit Dwala.com slash code story to get started.
1:26.6	That's D-W-O-L-L-A.com slash code story.
1:36.1	Well, ideally we get to build the companies we want to work in, right? That's the idea.
1:41.8	Early on, we focused on how in the hell do we solve this problem.
1:47.7	We are not a financial institution.
1:49.6	We don't hold the money.
1:52.0	Our only incentive is to securely transmit the bits and the instructions.
1:57.0	Oh my God.
1:59.1	How do we get these bits where they need to go?
	...

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