Case Study: Extra builds credit faster with Dwolla ACH payments

Extra increases credit scores by an average of 48 points with Dwolla

Extra, a fintech company, needed a secure and fast way to move money to power its innovative debit card designed to help users build credit. Their challenge was to find a payments partner with a simple and flexible API that could enable credit reporting within days instead of weeks. They turned to Dwolla for its ACH payment infrastructure.

By implementing Dwolla's API, Extra gained a bank-agnostic solution for faster money movement and secure reconciliations. This allowed them to digitally transform their funds flow, which is the core process that makes their product work. As a result, Extra cardholders increase their credit scores by an average of 48 points, and the company moves an average monthly transaction volume of $400,000 through the Dwolla-powered system.

Extra