Dwolla Inc.
US · Des Moines, Iowa · FinCEN MSB Registration
Dwolla Inc. is a BaaS Provider based in US (Des Moines, Iowa), regulated by FinCEN MSB Registration. The institution operates an active Banking-as-a-Service program, launched in 2010.
Dwolla Inc. supports the following products and services: Payments, Accounts, Open Banking. The bank serves customers across US.
Notable fintech partners include MX, Mastercard, Cross River Bank, Plaid.
- Products Supported
- PaymentsAccountsOpen Banking
- Geographies Served
- US
- Charter / Regulator
- FinCEN MSB Registration
- API Standards
- REST API, ACH, RTP, FedNow
- Minimum Deal Size
- Not publicly disclosed
- Year Program Launched
- 2010
MX, Mastercard, Cross River Bank, Plaid
WARNING: 2016 CFPB enforcement action — $100K fine for data security misrepresentations. Issue resolved. No current active enforcement actions.
Embedded ACH and real-time payment API platform. Processed ~$45B in payments in 2022.
Supports ACH, Same Day ACH, RTP, and FedNow through a single unified API serving ~650 clients and ~30M users. Pivoted to B2B SaaS in 2016.