Ghanaian fintech Dash, a unified payments app has announced that it has raised $32.8 million in its seed round.
Dash’s seed round, led by New York-based Insight Venture Partners.
Other investors in the round include Global Founders Capital and 4DX Ventures. They participated alongside ASK Capital, Techstars, Guillaume Pousaz’s Zinal Growth Partners, Jitendra Gupta of Jupiter Money, Amrish Rau of Pine Labs, the founders of Moss, executives from ProcessOut and the founders of PennyLane.
Founder and CEO Prince Boakye Boampong started the company in 2019. Boampong was the co-founder of OMG Digital, a YC-backed Ghanaian media startup he started alongside Jesse Ghansah (current CEO of Float).
“We’re building this interoperability so a Kenyan traveling to Ghana or Ghanaian travelling to Kenya would be able to pay for stuff without having to change currencies or setting up accounts when they touch ground,” Boampong said. “We’re taking a page from AliPay and PayTm by building features that will make the lives of our users easier without having to switch from different providers.”
Dash claimed to process over $300 million in TPV in January, up 300% monthly from Q4 2021. In total, it has processed over $1 billion since its launch in 2020 from 1 million customers the company has acquired from Ghana, Kenya and Nigeria, Boampong said.