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 Mar 31, 2026, the latest employee count at Dwolla is 79.

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. Its primary sector is Payments. In United States, the Payments sector has seen $870M in funding in 2026 to date.

Where does Dwolla rank among its competitors?

Dwolla ranks 12th amongst 111 active competitors, of which 32 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Ramp, which secured $312M in Nov, 2025.

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 November, 2025.

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

Series E

Total Funding

$76.9M in 9 rounds

Latest Funding Round

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

Investors

Foundry & 25 more

Ranked

12^th among 111 active competitors

Employee Count

79 as on Mar 31, 2026

Similar Companies

Ramp & 114 more

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 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	6968796	Series E	7415430	3368147	3379231	7831073
Feb 05, 2018	8610201	Series D	2058393	8190082	9438964	Union Square Ventures & 4 more
Sep 13, 2016	8238248	Series D	9242635	3641882	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 2m
rhirbvt	Independent board member	-	Current	3y 9m
yjsthwv	Independent board member	-	Current	8y 5m
dpwzfqm	Independent board member	-	Current	1y 5m
dbphpyl	Independent board member	-	Current	9y 1m
vhykjgc	Independent board member	-	Current	5y 2m
qtiztmf	Independent board member	-	Current	9y 4m
lijyrum	Independent board member	-	Current	7y 6m
vxvppla	Independent board member	-	Current	9y 6m
{zvzepn	Independent board member	-	Current	5y 9m

View details of Dwolla's Founder profiles and Board Members

Dwolla's employee count trend

Dwolla has 79 employees as of Mar 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 E	Provider of a platform for spend management, corporate cards, and payables	$2.44B	Founders Fund, Coatue & 62 others	85/100
2nd	NG.CASH 2021, Rio de Janeiro (Brazil), Series B	Provider of digital accounts, prepaid cards, and payment processing services	$50M	Monashees, VOX Capital & 11 others	77/100
3rd	Payhawk 2018, Sofia (Bulgaria), Series B	Provider of spend management platform with AI-powered automation and control	$239M	Earlybird, Greenoaks & 21 others	71/100
4th	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
5th	Routable 2016, San Francisco (United States), Series B	Provider of accounts payable automation, vendor management, and payment solutions	$47.7M	Y Combinator, BoxGroup & 22 others	67/100
6th	REPAY 2006, Atlanta (United States), Public	Provider of payment processing solutions and vendor payment automation services	-	SunTrust Bank, Corsair Capital & 1 others	66/100
7th	AccessPay 2012, Manchester (United Kingdom), Acquired	Cloud based payment automation and cash management solutions for businesses	$44.4M	True Ventures, NatWest & 10 others	66/100
8th	Modulr Finance 2015, London (United Kingdom), Series C	Provider of automated payment processing and financial infrastructure software tools	$200M	Highland Europe, General Atlantic & 23 others	66/100
9th	Token 2015, London (United Kingdom), Series C	Provider of account-to-account payment infrastructure, variable recurring payments, and data solutions	$90.2M	SBI Investment, Cota Capital & 19 others	64/100
10th	Runa 2009, London (United Kingdom), Acquired	Digital infrastructure to pay and get paid for consumers and businesses	$65.1M	Ascension, Fuel Ventures & 59 others	64/100
12th	Dwolla 2008, Des Moines (United States), Series E	Provider of payment solutions and automated clearing house (ACH) services	$76.9M	TTC, Union Square Ventures & 24 others	63/100