Dwolla logo — Dwolla enables businesses to digitally transform their payme...

Dwolla

Dwolla enables businesses to digitally transform their payments through a single solution.

Founded 2008 United States Des Moines, United States 82 employees Venture round Total: $72.36M API, Enterprise Software +3

General Information

Company Name Dwolla
Founded Year 2008
Location United States Des Moines, United States
Employees 82
Industries API, Enterprise Software, Financial Services +2
Funding Stage Venture round
Business Model B2B, API, Platform
Revenue Model Usage Based, Transaction Fee, Service Fee
Social

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About Dwolla

Dwolla, founded in 2008, is a compelling player in the Fintech sector, headquartered in the United States. Specializing in API and Payments solutions, the company offers an integrated platform designed to transform businesses' payment processing capabilities.

With a focus on replacing outdated technology, Dwolla positions itself as a modern solution that enhances payment security and data visibility, ultimately refining the customer experience. This value proposition resonates strongly in the Enterprise Software and Financial Services industries.

The company has attracted significant investment, with its latest being a $21.00M Venture Round on 21 July 2021. Key investors include Detroit Venture Partners, Firebrand Ventures, Foundry Group, Union Square Ventures, Next Level Ventures, Park West Asset Management, and individual investor Jeremy Andrus.

Overall, Dwolla stands out for its potential to drive meaningful innovation in the ever-evolving payment landscape. Its strategic approach and proven investor confidence make it a noteworthy entity in the fintech ecosystem.

Business keywords: digital payments, payment transformation, payment security, data visibility, account-to-account payments, payment API, real-time payments, cash flow improvement, payment integration, enterprise payment solutions, payment networks, business efficiency

Services & Products

Payment Processing
Bank Account Integration
Open Banking Services
Digital Wallet Solutions
ACH and RTP Transfer
API Integration
Fraud and Security Solutions

Target Customers

Insurance Companies Lenders Real Estate Firms Healthcare Providers Manufacturers Marketplaces Businesses requiring AP/AR automation

Funding Rounds & Investors (9)

View All
Funding Stage Amount Investors Lead Investors Date
Venture Round $21.00M 7
Detroit Venture Partners, Firebrand Ventures +5
21 Jul 2021
Venture Round $12.00M 3
High Alpha, Foundry Group +1
12 Feb 2018
Venture Round $6.85M 7
Detroit Venture Partners, High Alpha +5
20 Jan 2017
Series D $9.70M 4
Union Square Ventures, Andreessen Horowitz/ a16z +2
30 Sep 2014
Series C $16.50M 4
Union Square Ventures, Andreessen Horowitz/ a16z +2
01 May 2013
Series B $5.00M 5
SeventySix Capital, Union Square Ventures +3
07 Feb 2012
Series A $1.00M -
17 Nov 2010
Grant $55.00K -
18 Mar 2010
Angel Round $250.00K -
01 Nov 2009

Dwolla Alternatives & Competitors

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Dwolla vs

A global payments platform built on modern bank rails.

Acquired
56 employees
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Dwolla vs
FlowPay
FlowPay Italy

Open banking & payment solutions

Acquired
23 employees
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Dwolla vs
Ordo
Ordo United Kingdom

Open Banking payments and data made easy

Series A
11 employees
Financial Services, Payments

FAQ About Dwolla

Dwolla enables businesses to digitally transform their payments through a single solution.
Dwolla was founded in 2008.
Dwolla is headquartered in Des Moines, United States.
Dwolla operates in API, Enterprise Software, Financial Services, Fintech and Payments. Its work centres on digital payments, payment transformation, payment security and data visibility. Its customers include Insurance Companies, Lenders and Real Estate Firms.
Dwolla has a B2B, API and Platform business model. Its revenue comes from Usage Based, Transaction Fee and Service Fee.
Dwolla has approximately 82 employees.
Dwolla has completed 9 funding rounds, raising a total of $72.36M. The latest funding stage is Venture round.
Dwolla offers: Payment Processing, Bank Account Integration, Open Banking Services, Digital Wallet Solutions, ACH and RTP Transfer, API Integration, Fraud and Security Solutions.
Top alternatives and competitors to Dwolla include Banked : (Acquired by National Australia Bank), FlowPay, Ordo, Zepto, Mollie. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Dwolla and Banked : (Acquired by National Australia Bank) are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Dwolla, https://bouncewatch.com/company/dwolla, updated 8 January 2026. When citing, please name BounceWatch and link this page.

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