Groundfloor, a real estate crowdfunding platform, has recently announced that it has entered into a partnership with an e-commerce company that provides an online payment system and mobile payments network, Dwolla, Inc. to optimize the payment process for borrowers and investors on Groundfloor's platform.
According to Groundfloor, Dwolla’s white label platform will now help the funding platform’s users initiate the transfer of money to their GROUNDFLOOR account. Returns can vary between 5% and 26%.
Groundfloor then reported to enable payment functionality, its integrated Dwolla’s ACH API to power payments and enable instant bank account verification and next day payments for its end users.
The partnership allows Groundfloor to make the payment experience more seamless for its users, allowing people to start investing faster. The technology is also powering Groundfloor’s 2019 Stock Offering, where any account holder can invest in the Fintech company directly by purchasing shares of stock.
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