This 28-Year-Old's Startup Is Moving $350 Million And Wants To Completely Kill Credit Cards. Ben Milne founded Dwolla There's a tiny 12-person startup churning out of Des Moines, Iowa.
Dwolla was founded by 28-year-old Ben Milne; it's an innovative online payment system that sidesteps credit cards completely. Milne has no finance background, yet his little operation is moving between $30 and $50 million per month; it's on track to move more than $350 million in the next year. Dwolla security. Dwolla. Dwolla's Series B: Three things it means for Dwolla (Part 1) About the author: Geoff Wood is the COO and main connection point in Iowa for Silicon Prairie News, the co-founder of VolunteerLocal and founder of Eggcrates.
For more on Wood, see the note that follows this post. As you may be aware, the anticipated and recently rumored Series B funding news broke this week for the good folks at Dwolla in Des Moines. This round totalled $5 million and was not only raised out-of-Iowa but out-of-Silicon Prairie, with money coming in from both coasts. As rumored, the round was led by New York-based Union Square Ventures.