Dwolla — the startup that is disrupting payments services by giving users an independent platform to pay each other and avoid high money transfer and bank payment fees — has raised a further $9.7 million in funding led by a new strategic investor, the CME Group.
The investment is significant because it opens the door wider for Dwolla’s enterprise activity, and the idea of using its platform as the backend for transactions elsewhere — for example in CME’s own exchanges.
