Dwolla
Description
Dwolla is a fintech company with payments infrastructure that is powering billions in payments for millions of end users. Dwolla is an enterprise payments solution that connects businesses to the banking system.
Overview
| Foundation year: | 2008 |
| Location: | Des Moines, Iowa, United States |
| Founders: | Ben Milne, Shane Neuerburg |
| Website: | https://www.dwolla.com/ |
Target geographic market:
Global
About Product/Service
| Regulators/Compliance | Financial Services and Markets Act 2000, Data Protection Act 1998, UK Companies Act 2006, EU-U.S. Privacy Shield, |
|---|---|
| Valuation | USD 120M |
| Pricing | "Quote-based Plan Contact vendor" |
| The Base Currency | USD |
| Product cost | - |
|---|---|
| Processes ACH Payments and eChecks |
Key people
Funding rounds
| Last Funding Date | 12/02/2018 |
|---|---|
| Last Funding Amount | 12000000 |
| Last Funding Type | Venture - Series Unknown |
| Total Funding Amount | 51,400,000 |
| Number of Funding Rounds | 8 |
Financials
| Estimated revenue | $10M to $50M |
|---|---|
| Number of investors | 13 |
| Number of lead investors | 4 |
| Names of lead investors | "Andreessen Horowitz Foundry Group Union Square Ventures Thrive Capital Ludlow Ventures Village Ventures Detroit Venture Partners High Alpha Paige Craig SeventySix Capital Firebrand Ventures CME Ventures Next Level Ventures" |
Tech stack
Competitors
| Founding Date | Type | Tags | |
x Revolut Revolut is a digital banking alternative for... | 2015 | Private | challenger banks, fintech |
x Mettle Mettle is a free business account by NatWest that... | 2018 | Private | Challenger banks, fintech |
x Oxygen Oxygen is a neo (challenger) bank. The first and... | 2018 | Private | fintech, challenger banks |
x TransactionLink We integrate tech and fintech solutions (eg.... | 2020 | Private | |
x Tandem Tandem is building a bank and financial... | 2013 | Private | challenger bank, fintech |
