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NMI acquires Dwolla to enhance payment capabilities

PUBLIC · NMIHMay 19, 2026

Acquiring Company

NMI

Acquired Company

Dwolla

EmeryvilleDes MoinesFinancial ServicesSoftwareMobilePaymentsLendingInsuranceInformation Technologyinformation technology & services

Description

NMI has announced its acquisition of Dwolla to strengthen its embedded payments platform. This acquisition integrates Dwolla's API-first capabilities with NMI’s payment acceptance technologies. The combined business is set to process nearly $700 billion in annual transaction volume. Dwolla's CEO will join NMI's leadership team to oversee the integration.

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Company Information

Company

NMI

Location

1450 American Ln

Emeryville, California, United States

About

NMI is a leading global payment enablement platform, processing more than $165 billion in payments annually. We enable payments for over 3,000 partners and over 255,000 merchants around the world and across the entire commerce ecosystem: online, in-app, mobile, in-store, unattended and whatever’s next. We’re constantly innovating in order to power the next era of payments, building in the latest technology so ISVs, ISOs, banks and fintech innovators can focus on what they do best. NMI has offices in the US and UK and serves global customers.

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Frequently asked

Who acquired Dwolla?

Dwolla was acquired by NMI, based in Emeryville. The deal was reported on May 19, 2026. NMI is a leading global payment enablement platform, processing more than $165 billion in payments annually. NMI is publicly traded (NMIH) and operates in Financial Services.

When did NMI acquire Dwolla?

NMI's acquisition of Dwolla was reported on May 19, 2026. NMI has announced its acquisition of Dwolla to strengthen its embedded payments platform. This acquisition integrates Dwolla's API-first capabilities with NMI’s payment acceptance technologies. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Dwolla do?

Dwolla is a pay-by-bank solution provider that focuses on open banking payments and money movement. It is privately held, operating in Information Technology, and is based in Des Moines.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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