Damisa provides a platform for secure, fast, and cost-effective global B2B transactions using stablecoin payments. The service simplifies cross-border money movement by offering multi-currency fiat and crypto accounts for collections and payouts. Businesses benefit from reduced settlement times and lower FX costs compared to traditional banking methods.
Funding
$2.9M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
- Startup funding source · Source unavailable
Founders
Product
Problem
Traditional cross-border payments are slow, expensive, and often involve hidden fees due to outdated banking processes and multiple intermediaries. Businesses face complexities in managing foreign exchange (FX) exposure and navigating varying regulatory requirements across different jurisdictions.
Solution
Damisa offers a platform that simplifies cross-border money movement for businesses by leveraging stablecoins and fiat orchestration. The platform enables businesses to make faster, more affordable, and transparent global transactions without the complexities typically associated with cryptocurrency. Damisa streamlines accounts receivable and payable processes, allowing businesses to optimize transactions, reduce FX exposure, and access funds 24/7. The platform also provides secure wallets that automate payments based on pre-defined contract conditions, along with automated AML processes.
Target Audience
Damisa targets businesses that require efficient and cost-effective cross-border payment solutions, particularly those seeking to streamline international transactions and reduce reliance on traditional banking systems.
Features
- Stablecoin orchestration for optimized transactions and reduced FX exposure
- Damisa Secure Wallets for automated and secure payments based on contract conditions
- Rapid cross-border payments with lower fees and automated AML processes
- Global collections in local currencies or crypto with seamless reconciliation
- Global payouts in fiat or crypto, reducing FX costs and eliminating hidden fees