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Dwolla founder Milne joins board of Lincoln Savings Bank


Ben Milne, founder and chairman of Des Moines-based payment platform Dwolla Inc., has joined the board of directors of Lincoln Savings Bank. Milne, who holds various patents for payment processing technologies, has participated in the development of technology with government organizations and nonprofits. He brings a wealth of knowledge and experience in payment processing technologies and a passion for community banks, the Reinbeck-based bank said in a news release. Milne said he is excited about the growth potential for the bank’s LSBX department, which is dedicated to making payment technology accessible to fintech innovators. Milne has received many industry awards, including Forbes’ Disrupter of the Year, MIT’s 35 under 35, Goldman Sachs’ 100 Most Intriguing Entrepreneurs, and the U.S. Small Business Administration’s Entrepreneur of the Year. Milne announced a year ago he was stepping down as CEO of Dwolla, which has grown to more than $10 million in annual revenue since its launch in 2008.

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