FinovateSpring 2012 / Dwolla
Presenter Profile:
How they describe themselves: Dwolla securely works with users’ bank or credit union accounts to pipe money into its next generation payment network. Once the funds are safely inside Dwolla, users are able to send the money through any of our online, mobile, social and location-based tools. There are no costs affiliated with a Dwolla account other than the quarter per transaction, which we charge for transfers over $10 (transactions under $10 are free).
How they describe their product/innovation: Dwolla is releasing the newest iteration of FiSync, the company’s revenue generating financial services product.
Contacts:
Press: Jordan Lampe, jordan@dwolla.com, 515-250-4616
Website: www.dwolla.com
Blog: blog.dwolla.com
HQ Location: Des Moines, IA
Company Founded: May 2008
Product Being Demoed: FiSync
Product Launched: May 2012
Metrics: Series B: $5 million (Union Square Ventures, Thrive Capital, Village Ventures & more); Series A: $1.3 million; Employees: 20+; Users: 100,000+; Merchants: 10,000+
- Key Executives
Ben Milne (Builder, Founder & CEO), Charise Flynn (Builder & COO), JD Geneser (Builder & CFO)
Key Stats
- Key Board Members
Ben Milne (Dwolla), Jeff Russell (The Members Group), JD Geneser (Dwolla), Albert Wenger (Union Square Ventures)
- Key Investors
Series A: The Members Group (www.themembersgroup.com) The Veridian Group (www.veridiancu.org)
- Key Partnerships
Strategic Investors: The Veridian Group and The Members Group