New York-based fintech startup OneDosh, which focuses on African markets, has successfully raised $3 million in a pre-seed funding round to develop a stablecoin-powered global payments infrastructure.
The capital will support the company’s vision of connecting wallets, cards, and countries into a single, programmable payments ecosystem, providing early validation for a product that launched just months ago and is already operational in key corridors.
Tackling Inefficiencies in Cross-Border Payments
Founded by Jackson Ukuevo, Godwin Okoye, and Babatunde Osinowo, OneDosh aims to address long-standing challenges in traditional cross-border payments, including slow transfers, frozen accounts, and blocked cards.
By leveraging stablecoins as the settlement layer, the platform enables rapid, low-cost international transfers, giving users a faster alternative to legacy banking systems.
Currently live in the United States and Nigeria, OneDosh allows users to send money from the U.S. to Nigeria and hold value in stablecoins, bridging gaps in cross-border remittances and payments.
Innovative Features Driving OneDosh Adoption
OneDosh combines user-friendly solutions with robust technical infrastructure:
- Stablecoin-backed cards compatible with Apple Pay and Google Pay, accepted wherever Visa is supported.
- Recipient flexibility, allowing transfers in cash or stablecoins, adapting to markets with varying on-ramps and off-ramps.
- Programmable settlement layers and liquidity partnerships to ensure seamless cross-border payments.
- Enterprise-grade compliance, including bank-level KYC and anti-money-laundering protocols.
Why the $3 Million Pre-Seed Is Significant
The rise of global remittances and cross-border freelance payments has outpaced traditional settlement systems. OneDosh’s platform promises instant, predictable, and cost-efficient transfers using stablecoins.
The funding will help the startup:
- Expand international payment corridors
- Increase liquidity to support higher volumes
- Recruit senior talent to scale operations effectively
By integrating stablecoins with existing wallets and card networks, while maintaining regulatory compliance, OneDosh has the potential to cut fees and reduce settlement times for millions globally.
Execution Will Define OneDosh’s Growth Trajectory
While stablecoins provide speed and transparency, effective execution is critical. Partnerships with local cash-out providers, liquidity management, and regulatory clarity will determine how quickly the platform can scale.
If successful, OneDosh could join the growing cohort of fintechs using stablecoins to transform cross-border payments from niche solutions into mainstream infrastructure.
