Dwolla Links Users To Global B2B Payments Via TransferMate

Dwolla, a FinTech that connects business customers into the ACH network for domestic B2B payments capabilities, is teaming up with cross-border payments firm TransferMate, the companies said in an announcement on Tuesday (Sept. 24).

TransferMate Global Payments will join the Dwolla Partner Ecosystem, enabling existing clients to access TransferMate’s cross-border B2B payments solution, which allows companies to initiate a single or multiple cross-border transaction. Funds are transferred to TransferMate domestically, and TransferMate then makes a same-day or next-day transfer to the recipient in their local currency.

“We understand how needs evolve during a growth period for a company, which is why working with first-class partners is so important,” said Dwolla VP of Marketing Stephanie Atkin said in a statement. “That way, you give yourself a chance to be successful.”

“We are thrilled to be a part of the Dwolla Partner Ecosystem, helping businesses to expand their operations into overseas markets,” added TransferMate International Commercial Director Tom Butler in another statement. “TransferMate is all about making it faster and easier for businesses to trade internationally, and we’re excited to offer our leading payments technology to Dwolla clients.”

Earlier this month, Dwolla announced another partnership with Currencycloud in a push to connect business users to global payment capabilities. Their collaboration loops business uses to Currencycloud’s international payments service that enables payments in 35 different currencies and 180 countries. At the time, Dwolla’s Atkin said the world is becoming “ever more connected,” and that adding to the Dwolla Partner Ecosystem “was born out of that idea of interconnectivity.”

In May, TransferMate struck another partnership with Wells Fargo to connect Wells business customers to TransterMate’s Global Invoice Connect platform, a solution that enables U.S. companies to accept payments from their customers across borders. The tool supports electronic billing in U.S. dollars or in a customer’s local currency, while TransferMate collects funds from that client and then enables a business to collect in U.S. dollars.