Next-generation payments platform Damisa has closed a 拢2.25m pre-seed funding round led by Fuel Ventures.聽
The London-based FinTech is looking to modernise cross-border money movements and transactions across key global sectors, focusing initially on logistics, real estate, travel, and education.聽
The platform is set to facilitate its first transactions this month, with a broader market launch scheduled for July this year.
Damisa鈥檚 payment solution is designed specifically to simplify escrow services and cross-border money movement whilst eliminating friction across the global economy.
It already has a team of industry veterans, including CEO Jordan Lawrence, co-founder of Volt; Maximilian Marenbach, former head of APAC expansion at Kraken; and Panos Dandolas, former head of FinTech innovation at Agoda.
鈥淒amisa is uniquely positioned to fundamentally transform international payments,鈥� said Mark Pearson, managing partner at Fuel Ventures.
鈥淲e鈥檝e invested in Jordan before through our investment into Volt ($350m+ valuation) and are delighted to be working with him again.聽
The team has the experience, regulatory foundation, and industry understanding to make a significant global impact. We鈥檙e excited to lead their first round and support their ambitious growth trajectory.鈥�
The 拢2.25 million raised will enable Damisa to accelerate its go-to-market strategy, scale its operational infrastructure, obtain the necessary licenses and advance its technological capabilities ahead of its public launch.聽
Damisa CEO Lawrence added: 鈥淭his funding reflects confidence in our vision to fundamentally improve global payment processes for sectors burdened by outdated, expensive solutions.聽
鈥淏y implementing our smart wallets and orchestrating leading stablecoins for speed and security, Damisa will dramatically simplify escrow services and cross-border payments, delivering greater transparency to businesses operating internationally, especially in complex, emerging markets.聽
鈥淲e look forward to providing immediate, tangible benefits to customers across logistics, real estate, travel, and education sectors.鈥�