The oversubscribed round was led by Fuel Ventures with participation from EWOR, Greyhound Capital, and Mark Ransford.
"This funding underscores the confidence in our vision to revolutionize global payment processes for industries burdened by outdated and costly solutions. By implementing our smart wallets and leveraging leading stablecoins for speed and security, Damisa will significantly simplify escrow services and cross-border payments, providing greater transparency to businesses operating internationally, especially in complex, emerging markets. We are eager to deliver immediate, tangible benefits to customers across the logistics, real estate, travel, and education sectors."
The round was led by Octopus Ventures with participation from Seedcamp and Semantic to support app development and regulatory approval.
"Most retail investors have two options to build wealth: settle for passive portfolios or try to time the market and pick stocks and crypto themselves without access to the training, tools and information needed to do this effectively. This funding will allow us to build a modern app-based investment service that gives customers the same professional expertise that only high-net-worth individuals are used to. We’ve already got a stellar team in place, and we’re now excited to be working towards regulatory approval to launch over the coming months."
Target Global led the seed financing round to support the payment platform's European expansion and product development.
"We are excited to offer our customers an unrivalled experience when it comes to accessing a reliable and transparent tool for cross-border payments. Our value lies in our ability to remove hurdles when it comes to opening business bank accounts and offering payment services at a fraction of the cost versus high street banks and legacy providers. We aim to board and activate customers in under 48 hours, start to finish. All of this is now available through one application and one dashboard to stay in control of your payments."
