Dwolla

Dwolla provides bank payment infrastructure that lets software platforms and enterprises embed account-to-account money movement without building or operating the underlying payments layer themselves. Its API unifies ACH, Same Day ACH and real-time rails behind a single integration, with standardized transaction statuses, error codes, exception handling and reporting so engineering teams do not have to maintain rail-by-rail logic or manage multiple payment vendors.

The platform includes access to the RTP Network operated by The Clearing House and the FedNow Service operated by the Federal Reserve, with consistent status tracking and confirmation of transfers. Security features include tokenization of bank account details, instant bank account verification and 24/7 platform monitoring. Dwolla positions the product around operational outcomes such as earlier detection of failed transfers, lower return rates and reduced reconciliation overhead, and describes 16+ years of payments expertise.

Business model

Dwolla sells payments infrastructure to businesses that embed bank transfers into their own products, taking ownership of the payments layer on the customer's behalf. Company materials reference competitive pricing for its API-based solution.

Traction

Company-reported figures include more than 25 million end-users, over 126 million annual transactions and more than $82 billion in annual transaction value, with 99.9% platform uptime. Customer testimonials cite outcomes such as B2B platforms cutting reconciliation overhead by 70%, reduced return rates for lending platforms and avoided headcount for payment operations.

Latest developments

Dwolla was acquired by NMI, which added advanced account-to-account and real-time money movement capabilities to NMI's embedded payments platform. The company also published Q1 and Q2 2026 product release notes and content on push-to-card instant payments to debit cards.