Building new infrastructure for digital payments may not sound sexy, but it’s an area that’s ripe for innovation. The legacy payments networks in existence today are bogged down with outdated technology, slowing progress. Des Moines-based Dwolla decided that the way to innovate in payments was to essentially blow up the outdated infrastructure entirely and start over by building out… → Read More
PayNearMe (formerly Kwedit), a cash-based payments network, is today announcing a partnership with property management software maker AppFolio. This deal will allow tenants to pay their rent using cash at nearby 7-Eleven or ACE Cash Express stores at any time of day or night. → Read More
Disruptive payments network Dwolla confirmed today it has raised $5 million in Series B financing in a round led by Union Square Ventures. Also participating in the round are Village Ventures, Thrive Capital, Artists and Instigators and Paige Craig of Betterworks. As a part of the deal, Albert Wenger of Union Square Ventures will join Dwolla’s board.
The company says that additional funding… → Read More
Today, online and mobile payments platform Dwolla is launching what may be one of its biggest features yet: instant access to cash. Via the new opt-in setting called “Dwolla Instant,” users will be able to immediately deposit and send cash without the usual wait times associated with the mobile payment platform – typically a few days. → Read More
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