Mastercard Leader Exits For Midwest Fintech Startup

Dwolla, a payments startup based out of Des Moines, Iowa, has secured a wealth of industry knowledge by hiring Mastercard’s SVP of Global Acceptance Solutions, Dave Glaser, as its President and COO.

With more than 20 years of experience in the enterprise payments industry, Glaser will enhance the company’s enterprise growth strategies and designing new customer onboarding, implementation and service processes to help the payments platform scale rapidly.

In Dwolla’s announcement, CEO Brady Harris said, “Dave’s breadth of experience in scaling large organizations is critical as we continue to expand our enterprise payment services. With his help, we’ll continue to build innovative products, implement operational efficiencies and automations that drive success and competitive advantages for our customers.”

Glaser joins Dwolla from Mastercard, where he most recently spearheaded new point-of-sale initiatives, acceptance products, and solutions for acquirers and merchants. Before that, he held the Chief Customer Success role at Worldpay and helped shepherd the company through its IPO and $10.4 billion merger with Vantiv.

“Dwolla is well positioned to capitalize on this momentum with its modern platform for institutions of all sizes that need instant payment transfers to a bank account or debit card, Glaser stated. “I’m looking forward to working with the Dwolla team to drive growth and further solidify Dwolla’s position in the market as a modern payments platform.”

Dwolla, which is only available in the US, currently supports more than $20 billion per year in gross payment volume. In 2020 the company saw its payment volume jump by 79% and its growth in new end users increase 102%.

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