Dwolla closes $1M Series A round - interview with founder Ben Milne
Summary
TMG, a subsidiary of the Iowa Credit Union League, provides card processing, payment solutions and other services to financial institutions. Additionally, Dwolla has engaged industry leaders in its first Advisory Board including Suku Radia, President and CEO of Banker’s Trust and technology entrepreneur Christian Renaud, both of Des Moines, and Matt Harris, managing general partner of New York City-based Village Ventures. I had coffee with Suku Radia one morning, having no idea who he was, and he said something like “have you considered doing it like this…” which basically changed my life, direction, and how we structured the deal. I say this knowing full well when I got to town people were talking about us and probably asking their friends if the guy with the ugly beard moving money had pitched them yet. The Veridian Group and TMG investment solves a lot of structural, security, and regulatory questions the market (and us) takes very seriously.
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