Startup Is Moving $350 Million And Wants To Completely Kill Credit Cards
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.
Unlike PayPal, Dwolla doesn’t take a percentage of the transaction. It only asks for $0.25 whether it’s moving $1 or $1,000.
Read more: http://www.businessinsider.com/this-28-year-old-is-making-sure-credit-cards-wont-exist-in-the-next-few-years-2011-11#ixzz1dcub2h7q
My name is Matt and I am a Product Manager specializing in Mobile at Thomson Reuters. I like my Family. I like Apple. I like Photography. I like Mobile Toys. I like Food. I like Golf. I'm big into all technology with major interests in mobile which fascinates the begeebees out of me. I like a lot of stuff so I thought I'd share along with the occasional light-bulb of insight too. All views expressed are mine alone.
