Nigerian fintech startup OneDosh, which specializes in stablecoin-based payments, has secured US$3 million in pre-seed funding to develop its cross-border payment infrastructure, the company announced on Monday. The investment will support the platform’s expansion into new payment corridors and the scaling of its engineering teams, signaling growing interest in digital currency solutions across Africa.
Founded to facilitate seamless stablecoin transactions between the United States and Nigeria, OneDosh allows users to store stablecoins and make payments using cards compatible with Apple Pay and Google Pay. The platform’s services cater to individuals and businesses seeking faster, cheaper, and more reliable alternatives to traditional remittance and banking channels, particularly for cross-border transactions.
According to company executives, the $3 million funding round reflects investor confidence in the potential of stablecoins to transform financial services in Africa. The capital injection will be used to expand the startup’s technical infrastructure, improve transaction processing speeds, and develop new features aimed at enhancing user experience. The company also plans to grow its engineering and product development teams to accelerate innovation and deployment.
OneDosh’s model targets a key challenge in African payments: the need for fast, low-cost cross-border transfers in an environment where traditional banking infrastructure often faces delays and high fees. Stablecoins, which are digital assets pegged to fiat currencies, offer a mechanism for value transfer that bypasses some of these limitations, enabling near-instant transactions with reduced volatility risk.
“The pre-seed investment allows us to accelerate our vision of a fully integrated cross-border payment network,” said a OneDosh spokesperson. “We aim to provide users in Africa and the U.S. with secure, convenient, and cost-effective payment options that leverage the benefits of stablecoin technology.”
The move aligns with broader trends in the Nigerian fintech ecosystem, where startups increasingly explore blockchain and digital asset solutions to improve financial inclusion. Nigeria’s fintech sector, one of the largest in Africa, has witnessed significant investment activity in recent years, particularly in areas such as payments, remittances, and digital banking.
Market analysts say platforms like OneDosh could play a critical role in facilitating remittances, e-commerce, and business-to-business payments across borders, particularly for tech-savvy users and small businesses. By integrating with widely used mobile payment solutions, the platform aims to bridge the gap between traditional banking systems and emerging digital finance technologies.
The company’s expansion into new payment corridors is expected to broaden access for users who rely on mobile wallets and stablecoin transfers for everyday transactions. With increased adoption of digital assets in Africa, experts note that startups like OneDosh may shape the future of cross-border payments, enabling faster and more transparent financial flows.
More Read
As OneDosh moves forward with its growth plans, the startup will also focus on regulatory compliance and partnerships with financial institutions to ensure safe and scalable operations. The company aims to position itself as a key player in Africa’s evolving fintech landscape, leveraging stablecoin technology to meet the rising demand for efficient cross-border payments.
The successful pre-seed round marks an early but significant step in OneDosh’s journey to scale its platform and capture a share of the fast-growing digital payments market in Nigeria and beyond.
