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"Mobile payments startup Dwolla has introduced\u00A0support for wire transfers to its US-only money transfer service.\r\n\r\nIt is initially available to a selected number of business customers only, although others can apply. The new addition goes beyond the existing $50 million limitation\u00A0and allows Dwolla customers to carry out a range of more advanced services, such as employee payroll.\r\n\r\nDwolla says the introduction is the result of customer feedback, and also because -- in the style of young startups -- &amp;quot;we could do it, so we did.&amp;quot;\u00A0The company says it will not charge extra for using wire transfers, keeping the cost at a maximum of\u00A025 cents per transaction.\r\n\r\nDwolla\u00A0offers a service that's quite similar to PayPal, allowing users to send and receive payments with\u00A0very low fees.\u00A0The company\u00A0raised a $16.5 million series C round led by Andreessen Horowitz in April, which took its total investment to $22.8 million.\r\n\r\nYet, Dwolla is still not focused on expanding its business internationally. Speaking after the closure of the round, the company said the capital will go towards further scaling its operations and services in the US, particularly those aimed at the financial industry.\r\n\r\nOne of its key focuses is a product called\u00A0FiSync, which\u00A0brings real-time payments to\u00A0financial institutions like banks. FiSync, which Dwolla says has &amp;quot;multitude of financial institutions in various phases,&amp;quot; is one area where it is aggressively hiring new staff to keep up with customer demand.\r\n\r\nHeadline image via Thinkstock"^^<http://www.w3.org/2001/XMLSchema#string>
<http://thenextweb.com/us/2013/08/01/us-payments-startup-dwolla-now-supports-wire-transfers/>