Dama Financial, the Leading Provider of Access to Banking and Financial Solutions for Cannabis Businesses, Announces the Completion of $12.6 Million Growth Equity Raise
Summary
"Dama has brought together the right team and technology that will position them as a clear payment solutions leader in the cannabis industry for years to come," said Dan Englander, of Ursula Investors. Damas payment solutions solve complicated banking problems for cannabis dispensaries and facilitate seamless consumer transaction at mobile points of sale. The Company was founded in 2017 by a team of world class FinTech and Payments executives to provide high risk industries with critical access to fundamental financial solutions. Dama has leveraged its experience in other unbanked categories to develop solutions, driven by its proprietary technology platform, capable of navigating a complex web of regulatory and compliance requirements. The Companys expansive product set, including Premier Business Banking, Paytender and CashToTax, fueled 350% top line growth in 2020.