Dash Closes $32.8 Million Seed Round
Summary
Once I saw that mobile money was more accessible to the average Kenyan, and allowed for faster transactions, without the need for traditional banking, I knew that it was forever going to change the financial landscape in Africa, however, I also recognized that interoperability would immediately pose a challenge.First launching in 2020, Dash has created a unique alternative payment network that brings together mobile money and traditional banks, to facilitate the processing of transactions for consumers and businesses. Dashs platform acts as infrastructure for the large percentage of Africans that are unbanked, removing the barriers associated with daily transactions and cash utilization, said Deven Parekh, Managing Director at Insight Partners. We look forward to working with Prince and the Dash team as they continue to grow and scale up.The support for Dash has been tremendous, and we cant thank our investors enough for not only understanding our vision, but believing in the strength of Africas tech and financial ecosystems, said Prince Boakye Boampong.Dashs 1 million+ customers have processed over $1 billion since its launch in 2020, showing exponential month-over-month growth. Currently operating in Kenya, Ghana, and Nigeria, in January 2022 alone, Dash reported a Total Processed Volume (TPV) of over $300 million, up 3X on a monthly basis from Q4 2021. Dash will provide a singular solution for all our users, individuals, merchants, and banks, said Prince Boakye Boampong.Dash is a unified and accessible payments app built to better serve how 1.3 billion Africans transact with digital money.
Funding
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