Dwolla's new CEO is industry veteran Brady Harris

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Just more than a month since its founder and CEO Ben Milne announced he was stepping down, payments technology provider Dwolla has named industry veteran Brady Harris as its new CEO.

Harris comes to Dwolla with 20 years of experience in payments and fintech, most recently as president of Payscape. Milne will stay involved with Dwolla as a member of its board of directors.

“Dwolla is built on a powder keg of opportunity that is still largely untapped,” Milne said in a Monday press release. “With his extensive background and innumerable successes in the payments industry, Brady is the right person to lead the industry into the next era of programmable payments.”

Harris' experience in payments focuses much on "go-to-market" distribution and experience in scaling businesses, Dwolla noted.

“As a pioneer of programmable payments, Dwolla has long been on the bleeding edge of the ever-changing payments landscape,” Harris said in the release. “With an incredible team, best-in-class platform and groundbreaking vision, Dwolla is positioned to grow dramatically in the coming years.”

Dwolla reports it currently supports more than $10 billion a year in gross payment volume. In the fourth quarter of 2019, the company added close to 1 million new end users to its platform.

Since 2017, Des Moines, Iowa-based Dwolla initially dabbled in mobile wallet payments for small businesses and a bank P2P offering. Eventually, the company began developing B2B faster payments rails through a white-label ACH fund transfer for banks and became involved in helping the Federal Reserve shape its faster payments strategies. Ultimately, the company began selling its payments platform to large companies needing faster transaction speeds.

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