Young Entrepreneur’s New Take on the Credit Card

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An Iowa startup called Dwolla has come up with an innovative new way to deal with online payments that sidesteps credit cards completely. The 28 year old who started the company has no finance background, yet his little operation is moving about $350 million per year. In the founder’s words, “Ultimately we’re trying to build the next Visa, not the next PayPal.  We’re building a human network based on how we think the future of payments will work. The current model needs to be blown up.”

Read the interview with the founder here.

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Naveen Jain