When was Dwolla founded?

Dwolla was founded in 2008 and raised its 1st funding round 1 year after it was founded.

Where is Dwolla located?

Dwolla is headquartered in Des Moines, United States. It is registered at Des Moines, Iowa.

How many employees does Dwolla have?

As of Jun 30, 2026, the latest employee count at Dwolla is 65.

Is Dwolla a funded company?

Dwolla is a funded company, having raised a total of $76.9M across 9 funding rounds to date. The company's 1st funding round was a $***** Angel round, raised on Nov 2009.

When was the latest funding round of Dwolla?

Dwolla's latest funding was a $***** Series E round on Jul 08, 2021, with participation from 7 investors.

Where does Dwolla rank among its competitors?

Dwolla ranks 10th amongst 118 active competitors, of which 32 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Ramp, which secured $782M in Jun, 2026.

Who are the top competitors of Dwolla?

Dwolla's top competitors include Ramp, NG.CASH and Payhawk. Among them, Ramp secured the most recent funding round in June, 2026.

Dwolla - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of payment solutions and automated clearing house (ACH) services. The company offers tools for businesses to streamline bank payments and automate payment processes. It provides a unified application programming interface for transactions integrated with open banking. The company’s features include mass pay, open banking services, and digital wallets. It supports various use cases, including business-to-business payments, marketplace transactions, and property management.

Website: www.dwolla.com/
Social
Email ID: *****@dwolla.com
Registered Address: Des Moines, Iowa

Key Metrics

Founded Year

2008

Location

Des Moines, United States

Stage

Acquired

Total Funding

$76.9M in 9 rounds

Latest Funding Round

Series E, Jul 08, 2021, $*****

Investors

Foundry & 25 more

Ranked

10^th among 118 active competitors

Employee Count

65 as on Jun 30, 2026

Similar Companies

Ramp & 121 more

Exit Details

Acquired by Network Merchants (May 19, 2026)

View Dwolla's full profile

Dwolla is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Dwolla, Inc. CIN: 454405671 , United States, Active	Jan 24, 2012	-	60 (As on Dec 31, 2024)	-

Dwolla got acquired by Network Merchants on May 19, 2026.

Click here to take a look at Dwolla's acquisition in detail

Dwolla has raised a total funding of $76.9M over 9 rounds. Its first funding round was on Nov 2009. Its latest funding round was a Series E round on Jul 08, 2021 for $*****. 7 investors participated in its latest round. Dwolla has 24 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of Dwolla:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 08, 2021	1696643	Series E	2429891	8215588	6797751	4481920
Feb 05, 2018	7910947	Series D	1437703	7925090	5065466	Union Square Ventures & 4 more
Sep 13, 2016	6135842	Series D	1941175	5640777	Union Square Ventures & 1 more	Next Level Ventures & 4 more

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View details of Dwolla's funding rounds and investors

The founders of Dwolla is Ben Milne.

Here are the details of Dwolla's key team members:

Ben Milne: Founder of Dwolla. They are also an angel investor in 1 startup and serve on the board of 1 company.

Dwolla's Board of Directors

Dwolla's board has 10 active members. Albert Wenger, Ben Milne, Jonathon Triest, Chris Moody, Jeff Russell, Craig Ibsen, Jospeh D Geneser, Mg David Glaser Us Army, Alexander Kemper and Brady Harris are independent board members.

Here is the list of Dwolla's board of directors:

Name	Type	Representing	Status	Duration
Albert Wenger	Independent board member	-	Current	14y 4m
jgljuki	Independent board member	-	Current	7y 5m
thod{fd	Independent board member	-	Current	7y 7m
wdjjqia	Independent board member	-	Current	4y 4m
ierrxlz	Independent board member	-	Current	6y 9m
awtxeah	Independent board member	-	Current	7y 6m
vmknzcd	Independent board member	-	Current	6y 5m
ewqenku	Independent board member	-	Current	9y 9m
msnzyda	Independent board member	-	Current	4y 7m
bauz{{i	Independent board member	-	Current	7y 7m

View details of Dwolla's Founder profiles and Board Members

Dwolla's employee count trend

Dwolla has 65 employees as of Jun 26. Here is Dwolla's employee count trend over the years:

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Top competitors of Dwolla include Ramp, NG.CASH and Payhawk. Here is the list of Top 10 competitors of Dwolla, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Ramp 2019, New York City (United States), Series F	Provider of a platform for spend management, corporate cards, and payables	$3.22B	Founders Fund, Coatue & 70 others	84/100
2nd	NG.CASH 2021, Rio de Janeiro (Brazil), Series B	Provider of digital accounts, prepaid cards, and payment processing services	$50M	Monashees, New Enterprise Associates & 11 others	77/100
3rd	Payhawk 2018, Sofia (Bulgaria), Series B	Provider of spend management platform with AI-powered automation and control	$239M	Greenoaks, Lightspeed Venture Partners & 21 others	71/100
4th	Easebuzz 2014, Pune (India), Series A	Provider of payment solutions and software as a service APIs	$34M	8i Ventures, Bessemer Venture Partners & 17 others	70/100
5th	Bottomline Technologies 1989, Portsmouth (United States), Acquired	Provider of business payments automation, connectivity, cash management, and fraud solutions	-	Herald Investment Management, Trinity Capital ... & 2 others	69/100
6th	Modulr 2016, London (United Kingdom), Series C	Provider of automated payment processing and financial infrastructure software tools	$200M	Highland Europe, PayPal & 23 others	68/100
7th	REPAY 2006, Atlanta (United States), Public	Provider of payment processing solutions and vendor payment automation services	-	SunTrust Bank, Corsair Capital & 1 others	66/100
8th	Routable 2016, San Francisco (United States), Series B	Provider of accounts payable automation, vendor management, and payment solutions	$47.7M	Y Combinator, Liquid 2 Ventures & 22 others	66/100
9th	AccessPay 2012, Manchester (United Kingdom), Acquired	Cloud based payment automation and cash management solutions for businesses	$44.4M	Beringea, NatWest & 10 others	66/100
10th	Dwolla 2008, Des Moines (United States), Acquired	Provider of payment solutions and automated clearing house (ACH) services	$76.9M	TTC, Andreessen Horowitz & 24 others	65/100