← Embedded Finance Index 2026

GrowFlow

“Can seed-to-sale operational software plus cannabis-native banking rails become the financial OS for licensed cannabis businesses?”

Founded2016
HQGreenwood Village, Colorado, United States (originally Seattle, WA)
Total raised$17.1M
Latest roundAcquired by Dama Financial (2022)
IndustryVertical SaaS / Cannabis

The story

GrowFlow was founded in 2016 as a seed-to-sale SaaS platform for cannabis operators — retailers, wholesalers, cultivators, distributors. In February 2022, it was acquired by Dama Financial to combine Dama's cannabis-focused fintech and banking rails with GrowFlow's operational software, positioning the combined entity as an integrated compliance + operations + financial platform for licensed cannabis businesses. Payment functionality within GrowFlow is now provided via cannabis-compliant ACH partner Aeropay rather than in-house.

Last 12 months

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Product timeline

2016

GrowFlow founded as B2B SaaS for cannabis retailers and wholesalers· founding

2022

Acquired by Dama Financial, the largest provider of banking and payment solutions for the cannabis industry· acquisition

The stack

4 layers disclosed in GrowFlow’s embedded-finance stack

Payments / PSP

Aeropay

Money movement

in the full report

Open banking

in the full report

Accounting

in the full report

Accounting gap: minor

3 more providers across 3 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.

GrowFlow — frequently asked

Who is GrowFlow's payment processor?

GrowFlow processes payments through Aeropay. Disclosed money-movement rails: ACH.

Which open banking provider does GrowFlow use?

GrowFlow connects to bank accounts through Aeropay.

Which accounting software does GrowFlow integrate with?

GrowFlow integrates with QuickBooks Online.

What is GrowFlow's embedded finance stack?

The Embedded Finance Index 2026 maps 4 layers in GrowFlow's stack: Payments / PSP (Aeropay); Money movement (ACH); Open banking (Aeropay); Accounting (QuickBooks Online).

Where is GrowFlow headquartered?

GrowFlow is founded in 2016 and headquartered in Greenwood Village, Colorado, United States (originally Seattle, WA).

How much funding has GrowFlow raised?

GrowFlow has raised $17.1M in total (latest round: Acquired by Dama Financial (2022)).

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