OneDosh Fintech Raises $3 Million to Develop Stablecoin-Based Cross-Border Payment System
OneDosh, a fintech company operating in both the United States and Nigeria, has successfully raised $3 million in pre-seed funding. This investment is earmarked for the development of advanced infrastructure aimed at facilitating cross-border payments using stablecoins. The company was founded in February 2025 by a trio of experienced professionals: Jackson Ukuevo, who serves as Co-Founder and CEO, along with Co-Founders Godwin Okoye and Babatunde Osinowo.
Founders' Vision and Motivation
The founders of OneDosh were inspired to launch this venture based on their personal encounters with common financial hurdles. These included issues such as blocked cards, frozen accounts, delayed international transfers, and restrictive currency regulations. These challenges highlighted the urgent need for a more efficient and reliable method of moving money across borders, particularly in high-traffic remittance corridors like the one between the U.S. and Nigeria.
Current Services and Future Plans
Currently, OneDosh offers users the ability to transfer funds from the United States to Nigeria. Users can also hold value in stablecoins and make payments using stablecoin-powered cards that are compatible with Apple Pay and Google Pay, subject to network and regional availability. Looking ahead, the company is actively developing a broader payment infrastructure. This system aims to seamlessly link digital wallets, payment cards, and various markets into a single, programmable ecosystem.
The primary objective, as stated by the founders, is to enable the use of stablecoins for real-world, compliant payment applications. This is especially targeted at regions where traditional cross-border payment systems are often slow, expensive, or inefficient. By leveraging blockchain technology, OneDosh seeks to provide a faster and more accessible alternative.
Team Expertise and Funding Utilization
The founding team brings a wealth of experience from prominent companies such as ZeroHash, Plaid, and Amazon. Their backgrounds cover critical areas including payments infrastructure, compliance operations, and product development. The $3 million in pre-seed funding will be strategically deployed to expand into additional payment corridors, strengthen liquidity partnerships, and hire senior team members to bolster the company's growth.
This investment is intended to enhance the platform's capacity to support cross-border spending and settlement, aligning with the global trend of increasing digital payment adoption. A company representative emphasized, "The funding allows us to address inefficiencies in traditional cross-border transfers and to provide faster, more accessible options for users. Our focus is on connecting wallets and markets while maintaining compliance, particularly in corridors where remittance systems are constrained."
Broader Industry Context
This initiative by OneDosh underscores a larger movement within the fintech sector. Companies are increasingly turning to blockchain and stablecoin technologies to revolutionize international money transfers. By focusing on major remittance corridors, such as the one between the United States and Nigeria, these innovations aim to reduce costs, increase speed, and improve overall accessibility for users worldwide.
