By: Ben Milne,

We’ve closed a $12M round led by Foundry Group with participation from Union Square Ventures, Next Level Ventures, Ludlow Ventures, High Alpha, and Firebrand.

The funds will be used to meet our growing capital requirements as a financial platform. We’ll also continue expanding our team to service customers. We have more than 40 openings to fill this year.

As we build our team, we do so knowing that the best teams are built by the inclusion of diverse ideas, experiences, and people. If this interests you, we hope you’ll consider joining us.

Ben Milne
CEO, Dwolla

 

Financial institutions play an important role in the Dwolla network.

Dwolla, Inc. is an agent of Veridian Credit Union and Compass Bank and all funds associated with your account in the Dwolla network are held in pooled accounts at Veridian Credit Union and Compass Bank. These funds are not eligible for individual insurance, including FDIC insurance and may not be eligible for share insurance by the National Credit Union Share Insurance Fund. Dwolla, Inc. is the operator of a software platform that communicates user instructions for funds transfers to Veridian Credit Union and Compass Bank.