One thing to remember about Dwolla is they're located in Des Moines. Besides being flyover country, that town's economy is about 80-90% financial services. Insurance. Mortgages. Retirement funds (401(k)/pension). Banking.
Des Moines is the back office for much of the country. I shudder to think of how much money is in, and flows through, that town.
Another thing is Wells Fargo has several businesses HQ'ed there--mostly in their consumer "division". (I'm flying blind with regard to their corporate org chart names.) I'm betting besides the credit union guys, WF is lurking quietly in the background, guiding, protecting, waiting to acquire when the time is right.
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One thing to remember about Dwolla is they're located in Des Moines. Besides being flyover country, that town's economy is about 80-90% financial services. Insurance. Mortgages. Retirement funds (401(k)/pension). Banking. Des Moines is the back office for much of the country. I shudder to think of how much money is in, and flows through, that town.
Another thing is Wells Fargo has several businesses HQ'ed there--mostly in their consumer "division". (I'm flying blind with regard to their corporate org chart names.) I'm betting besides the credit union guys, WF is lurking quietly in the background, guiding, protecting, waiting to acquire when the time is right.