OneDosh Secures $3 Million to Expand Stablecoin Payments Infrastructure
New York-headquartered fintech startup OneDosh, focused on Africa, has raised $3 million in a pre-seed funding round to build a stablecoin-powered global payments network.
The funding will support the startup’s efforts to connect wallets, cards, and countries into a single, programmable payments ecosystem, marking early validation for a product that launched just months ago and is already live across key corridors.
Addressing Challenges in Cross-Border Payments
OneDosh was founded by Jackson Ukuevo, Godwin Okoye, and Babatunde Osinowo to tackle persistent inefficiencies in traditional cross-border payments.
Slow transfers, frozen accounts, and blocked cards have long frustrated businesses and individuals sending money internationally. OneDosh plans to solve these problems by making stablecoins the settlement layer, enabling fast, low-cost global transfers.
The platform is currently operational in the United States and Nigeria, allowing users to send money from the U.S. to Nigeria and store value in stablecoins.
Features That Set OneDosh Apart
OneDosh combines consumer-friendly features with deeper technical infrastructure:
- Stablecoin-backed cards compatible with Apple Pay and Google Pay, accepted anywhere Visa is supported.
- Flexible recipient options, allowing users to receive cash or stablecoins, are crucial in markets with varying on-ramps and off-ramps.
- Programmable settlement layers and liquidity partnerships for seamless cross-border money movement.
- Regulatory compliance, with bank-grade KYC and anti-money-laundering controls to ensure enterprise-level safety.
Why This Funding Round Matters
The rise of remittances and cross-border freelance payments has outpaced legacy settlement systems. OneDosh’s stablecoin infrastructure promises near-instant settlement and predictable rails for users.
By integrating stablecoins with existing card and wallet infrastructure, while staying compliant with regulators, OneDosh could reduce fees and settlement times for millions of users.
The pre-seed funding will help the startup:
- Expand cross-border payment corridors
- Boost liquidity
- Hire senior talent to scale operations
Execution Is Key for OneDosh’s Growth
While stablecoins offer speed and transparency, execution will determine the startup’s success. Partnerships with local cash-out providers, robust liquidity, and clear regulatory guidance will dictate how quickly the platform can scale.
If OneDosh delivers on its vision, it could join a small but growing group of fintechs transforming stablecoins from niche assets into mainstream cross-border payments solutions.
