Ben Milne has concluded his 17-year journey with Dwolla, the account-to-account payments platform he founded in 2008, announcing in a blog post earlier this month that he has left his position on the company’s board.
In a post dated 15 August, Milne, who is also CEO of Brale, a stablecoin creation platform he founded in 2022, said: “I stepped off of Dwolla’s board today. After 17 years – it’s time for me to move on.”
His statement continues: “My time with Dwolla was capped with an integration, as a customer. Being a customer allows me to connect more closely with the product I love so much, which is where my passion is and always has been.
“Dwolla was something I wanted to build to solve a problem, and hundreds if not thousands, of people over the years made that a reality. Now that it’s there, I get to depart using it as a solution to a problem I have as a customer.”
He adds: “Dwolla changed my life. And I am very grateful.”
Headquartered in Des Moines, Iowa, Dwolla works to connect businesses to payment networks like Automated Clearing House (ACH) and Real-Time Payments (RTP).
Its core services include payment API solutions that integrate these bank transfer capabilities into business platforms, as well as open banking-powered tools enabled through partnerships with Plaid, Visa and MX, among others.
Current company backers include Park West Asset Management, Union Square Ventures, Detroit Venture Partners, Firebrand Ventures, Next Level Ventures, and Foundry Group, which led a $21 million venture round for Dwolla in 2021.
In a statement sent to FinTech Futures, Dwolla CEO Dave Glaser said: “We are truly thankful to Ben for his direct contributions to Dwolla over the past 17 years, and as CEO of Brale, a Dwolla customer, he will continue to be a part of our extended community.”
Glaser continues: “Dwolla is fortunate to have a highly qualified and diverse board of directors, made up of investors, company leadership, and independent voices who continue to guide the company forward.
“Discussions regarding Ben’s replacement are ongoing, and we are confident in the strength and continuity of our board during this transition.
Source: https://www.fintechfutures.com/
