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 Sep 30, 2026, the latest employee count at Dwolla is 58.

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 11th amongst 228 active competitors, of which 36 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was NG.CASH, which secured $15M in Sep, 2026.

Who are the top competitors of Dwolla?

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

11^th among 228 active competitors

Employee Count

58 as on Sep 30, 2026

Similar Companies

Ramp & 233 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	3487352	Series E	4739551	3907196	4443478	7872864
Feb 05, 2018	7492915	Series D	6842827	4994595	6022576	Union Square Ventures & 4 more
Sep 13, 2016	5074856	Series D	6292423	6152843	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, Jonathon Triest, Ben Milne, Chris Moody, Jeff Russell, Craig Ibsen, Mg David Glaser Us Army, Jospeh D Geneser, Brady Harris and Alexander Kemper 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 7m
xkxmqvb	Independent board member	-	Current	4y 7m
rkxssmv	Independent board member	-	Current	3y 9m
byvaqfa	Independent board member	-	Current	4y 6m
vohm{dv	Independent board member	-	Current	4y 9m
awtcunj	Independent board member	-	Current	7y 2m
yowdj{p	Independent board member	-	Current	5y 4m
bhryjnf	Independent board member	-	Current	5y 9m
gwqdhhd	Independent board member	-	Current	7y 3m
kxpncpk	Independent board member	-	Current	1y 9m

View details of Dwolla's Founder profiles and Board Members

Dwolla's employee count trend

Dwolla has 58 employees as of Sep 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 & 73 others	84/100
2nd	NG.CASH 2021, Rio de Janeiro (Brazil), Series B	Provider of digital accounts, prepaid cards, and payment processing services	$65M	Monashees, New Enterprise Associates & 12 others	77/100
3rd	Payhawk 2018, Sofia (Bulgaria), Series B	Provider of spend management platform with AI-powered automation and control	$239M	Earlybird, QED Investors & 24 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	-	Thoma Bravo, Trinity Capital & 3 others	69/100
6th	Modulr 2016, London (United Kingdom), Series C	Provider of automated payment processing and financial infrastructure software tools	$200M	Highland Europe, General Atlantic & 23 others	68/100
7th	FOMO Pay 2015, Singapore (Singapore), Acquired	Provider of digital payment solutions and treasury management services for businesses	$13M	Jump Crypto, Abi Asia Holdings & 10 others	67/100
8th	REPAY 2006, Atlanta (United States), Public	Provider of payment processing solutions and vendor payment automation services	-	SunTrust Bank, Corsair Capital & 1 others	66/100
9th	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
10th	Token 2015, London (United Kingdom), Series C	Provider of account-to-account payment infrastructure, variable recurring payments, and data solutions	$90.2M	EQT, TempoCap & 20 others	64/100
11th	Dwolla 2008, Des Moines (United States), Acquired	Provider of payment solutions and automated clearing house (ACH) services	$76.9M	TTC, Union Square Ventures & 24 others	62/100