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
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.