Dwolla seeking new CEO, founder Ben Milne announces in blog post

Dwolla CEO/founder Ben Milne cuts the ribbon as the company unveils new headquarters in February 2019 at 909 Locust.

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Dwolla is searching for a new CEO after founder Ben Milne announced he was going to step away from the role in a blog post published this afternoon. Milne and other company leaders came to the decision after a six-month search for a new COO, he wrote. “We realized collectively that we, myself included, are looking for a new CEO,” Milne said.

Milne plans to stay involved as a board member and a staff member in some capacity after the transition: “The company and its future are now much bigger than me.” Milne cofounded the fintech payments startup Dwolla in 2008 with Shane Neuerburg, who left the company in 2012. Under Milne, the company has raised more than $22 million from investors, according to Crunchbase, and launched Monetery Summit in 2018 to bring investors to Des Moines to meet midwestern startups. Milne has been named an MIT Technology Review Innovator Under 35, a 2013 Disruptor of the Year by Forbes and a 2012 30 Under 30 by Inc. Magazine.