Dwolla
Des Moines, US · Founded 2012 · Delaware corporation · 7 known investors
Dwolla provides a modern API platform that enables businesses to connect to US payment networks and facilitate fast bank transfers. The company serves businesses seeking to integrate account-to-account payments into their platforms.
Enterprise SoftwareFintechSaaS
Founders & leadership
Dwolla was founded in 2012 by Ben Milne.
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Ben MilneFounder30 Under 30 2012
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Jeff RussellNamed on SEC filing
JD
Jospeh D GeneserNamed on SEC filing
Board
CI
JT
AW
Investors · 7
Andreessen HorowitzMenlo Park · $500K – $50M
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Firebrand VenturesBoulder · $500K – $1M
High AlphaIndianapolis
Next Level VenturesDes Moines · $500K – $5M
Union Square Ventures (USV)New York City · $1M – $8Mvia Albert Wenger · board
FoundryreportedBoulder · $250K – $15M
Ludlow Venturesreported · 2 sourcesOak Park · $50K – $1Mvia Jonathon Triest · board
Reported raises · per SEC filings
Form D private placements$49.5M disclosed across 4 rounds · 2012–2021
▶$25.5MraisedJul 2021 · 13 investors · Other TechnologyRule 506(b)
▶$25.5MraisedJul 2021 · 13 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Alexander KemperDirector
- Dave GlaserExecutive Officer
- Ben MilneExecutive Officer, Director
- Craig IbsenDirector
- Chris MoodyDirector
- Brady HarrisExecutive Officer, Director
- Albert WengerDirector
- Offering amount
- $25.5M
- Amount sold
- $25.5M
- First sale
- Jul 2021
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$12MraisedFeb 2018 · 7 investors · Other TechnologyRule 506(b)
▶$12MraisedFeb 2018 · 7 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Albert WengerDirector
- Ben MilneExecutive Officer, Director
- Chris MoodyDirector
- Craig IbsenDirector
- Offering amount
- $12M
- Amount sold
- $12M
- First sale
- Feb 2018
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$6.9MraisedJan 2017 · 10 investors · Other TechnologyRule 506(b)
▶$6.9MraisedJan 2017 · 10 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Craig IbsenDirector
- Ben MilneExecutive Officer, Director
- Jonathon TriestDirector
- Albert WengerDirector
- Offering amount
- $7M
- Amount sold
- $6.9M
- First sale
- Sep 2016
- Incorporated
- Corporation, Delaware, 2012
- Federal exemptions
- 06b
▶$5MraisedFeb 2012 · 11 investors · Other TechnologyRule 506(b)
▶$5MraisedFeb 2012 · 11 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Jeff RussellDirector
- Jospeh D GeneserDirector
- Ben MilneExecutive Officer, Director
- Albert WengerDirector
- Offering amount
- $5M
- Amount sold
- $5M
- First sale
- Feb 2012
- Incorporated
- Corporation, Iowa, 2012
- Federal exemptions
- 06
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Competitors · 10
by search overlap
Stripe935 shared keywordsStripe provides financial infrastructure for businesses to accept payments, offer financial services, and implement custom revenue models across international markets in 135+ currencies.
GoCardless783 shared keywordsGoCardless provides bank payment collection and open banking data access services. The platform enables businesses to collect domestic and international payments via bank accounts and securely access customer bank account data across 2,300+ banks in the UK and Europe.
Modern Treasury761 shared keywordsModern Treasury provides a payments infrastructure platform that enables businesses to move and track money across fiat and stablecoin rails through a single API. The company serves enterprises and financial service providers looking to streamline payment operations across multiple currencies, regions, and payment systems.
Plaid696 shared keywordsPlaid provides financial infrastructure and APIs that enable developers to build financial technology products and services. The platform serves fintech companies, developers, and financial institutions by offering consumer-facing applications and backend tools for financial data connectivity.
Bill.com Holdings, Inc.631 shared keywordsBILL is a unified financial operations platform that automates accounts payable, receivables, and spend management for businesses. The platform processes over $345 billion in annual payment volume and serves nearly 500,000 customers across the US and 130+ countries.
Ramp630 shared keywordsRamp provides a spend management platform that consolidates corporate cards, expense management, accounts payable, business banking, travel booking, and procurement into one system. It targets businesses seeking automated coding, reconciliation, policy enforcement, and visibility across company spending.
Nacha594 shared keywordsNacha develops and administers the operating rules for the ACH Network, which processes electronic payments such as Direct Deposit and ACH bill payments in the United States. It also provides payments education, accreditation, membership, consulting, and interoperability standards services to banks, credit unions, government entities, corporations, and fintechs.
Intuit®532 shared keywordsIntuit develops financial software products—including TurboTax, Credit Karma, QuickBooks, and Mailchimp—for consumers and small businesses to manage taxes, credit, accounting, and marketing. It serves approximately 100 million customers worldwide.
Experian513 shared keywordsExperian offers consumers tools to access their credit report and FICO Score, build credit, and manage money, including credit card matching, bill and subscription negotiation, car insurance comparison, and a digital checking account with debit card. It serves individual U.S. consumers through its app and financial products.
Wise504 shared keywordsWise is a financial platform offering international money transfers, multi-currency accounts, and debit cards with low fees and competitive exchange rates, serving millions of users globally.
Companies competing with Dwolla for the same Google search keywords, organic and paid, via search-intersection analysis.
In the news
Frequently asked questions
- What does Dwolla do?
- Dwolla provides a modern API platform that enables businesses to connect to US payment networks and facilitate fast bank transfers. The company serves businesses seeking to integrate account-to-account payments into their platforms.
- Who founded Dwolla?
- Dwolla was founded by Ben Milne in 2012.
- Who are Dwolla's investors?
- Dwolla's investors include Andreessen Horowitz, Firebrand Ventures, High Alpha, Next Level Ventures, Union Square Ventures (USV), Foundry, Ludlow Ventures.
- How much funding has Dwolla raised?
- Dwolla has disclosed $49.5M raised across 4 rounds.
- Where is Dwolla headquartered?
- Dwolla is headquartered in Des Moines, US.