About Dwolla
Dwolla is a company based in Des Moines (United States) founded in 2008 by Ben Milne was acquired by Network Merchants in May 2026. Dwolla has raised $76.94 million across 9 funding rounds from investors including CME Group, Network Merchants and Foundry. Dwolla offers products and services including Digital Wallet, Mass Pay, and Dwolla Dashboard. Dwolla operates in a competitive market with competitors including Stripe, PayPal, Flutterwave, PayU and Square, among others.
- Headquarter Des Moines, United States
- Founders Ben Milne
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Dwolla, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$76.94 M (USD)
in 9 rounds
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Latest Funding Round
$25.54 M (USD), Series E
Jul 08, 2021
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Investors
CME Group
& 20 more
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Employee Count
Not available
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Acquired by
Network Merchants
(May 19, 2026)
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Products & Services of Dwolla
Dwolla offers a comprehensive portfolio of products and services, including Digital Wallet, Mass Pay, and Dwolla Dashboard.
Service for securely holding and initiating fund transfers.
Tool for sending multiple bank transfers via API.
Platform for accessing and managing payment data.
People of Dwolla
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Funding Insights of Dwolla
Dwolla has successfully raised a total of $76.94M across 9 strategic funding rounds. The most recent funding activity was a Series E round of $25.54 million completed in July 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Dwolla
Dwolla has secured backing from 21 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include CME Group, Network Merchants and Foundry.
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Venture capital is invested in early-stage tech startups.
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Asset management services are provided in Larkspur, United States.
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Venture capital firm focused on blockchain, wellbeing, and multiple sectors
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Investor details for Dwolla
Investor domains, locations, round participation, and complete history require an active premium plan.
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Investments & Acquisitions by Dwolla
Investment portfolio details for Dwolla
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- Transaction dates
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Financial Statements - Dwolla
Detailed financials for Dwolla
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- Profit trends
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Dwolla Comparisons
Peer comparison for Dwolla
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- Named peers
- Headcount comparison
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- Operating benchmarks
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Competitors of Dwolla
Dwolla operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Stripe, PayPal, Flutterwave, PayU and Square, among others.
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Payment processing and card issuance solutions are provided for businesses.
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Online payment solutions are offered to consumers and businesses.
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Provider of payment processing solutions for businesses
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Online payment processing and credit solutions are provided for businesses.
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POS solutions are provided for retail businesses.
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Employee benefit administration and payment solutions are provided for enterprises.
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Detailed competitors of Dwolla
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Latest news on Dwolla
Complete news archive for Dwolla
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Frequently Asked Questions about Dwolla
Dwolla was founded in 2008 and raised its 1st funding round 1 year after it was founded.
Dwolla is headquartered in Des Moines, United States. It is registered at Des Moines, Iowa, United States.
Dwolla is a funded company, having raised a total of $76.94M across 9 funding rounds to date.
Dwolla was established in 2008 in Des Moines, United States, as a provider of payment gateway solutions within the fintech sector. Operations focus on facilitating secure transactions for businesses in industries like lending, insurance, manufacturing, and real estate. Key services encompass digital wallets, tokenization, bank verifications, open banking, data exchange, mass payments, and correlation IDs to support efficient financial processes.
Dwolla's top competitors include Stripe, PayU and Flutterwave.
Dwolla offers Digital Wallet, Mass Pay, and Dwolla Dashboard.
Dwolla has 21 investors. Key investors include CME Group, Network Merchants, Foundry, Park West Asset Management, and Union Square Ventures.