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Firm Unveils Africa’s One-stop Platform for Payments, Business Services

From ThisDay · () English

Summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • Nigerian and U.S.-registered fintech Dasamonie has launched a financial super app in Africa.
  • The app unifies personal and business banking, digital payments, business registration, and financial infrastructure on one platform.
  • It offers features like multi-currency accounts, international transfers, payment solutions, and rapid company registration, aiming to empower African entrepreneurs.

Dasamonie, a fintech company registered in Nigeria and the U.S., has launched a new financial super app designed to be a comprehensive platform for both personal and business needs across Africa.

The app integrates a wide range of services, including personal and business banking, digital payments, business registration, and essential financial infrastructure. Users gain instant access to accounts in Naira, U.S. Dollars, Euros, and British Pounds. The platform also facilitates international transfers, Visa card services, merchant payment solutions, lending, savings, and expense management tools, alongside developer APIs.

In a significant move to streamline entrepreneurship, Dasamonie's integration with the Corporate Affairs Commission (CAC) allows users to check business name availability, register companies, and obtain CAC certificates within 24 hours. This process automatically activates business banking services, significantly reducing the time and complexity for new businesses.

Terry Edet, Co-founder of Dasamonie, described the app as "the operational operating system for the modern African enterprise and consumer." He emphasized the platform's goal to remove friction in economic activities by merging local compliance infrastructure, such as rapid company registration and biometric services, with borderless multi-currency banking and Virtual POS systems. The ultimate aim is to empower entrepreneurs to transition seamlessly from idea generation to global commerce within a single, integrated platform.

We aren’t just building another digital wallet; we are building the operational operating system for the modern African enterprise and consumer. By merging certified local compliance infrastructure like rapid company registration and biometric services with borderless multi-currency banking and Virtual POS systems, we are removing the friction that holds back economic velocity on the continent. Our goal is to empower an entrepreneur to move from ideation to global commerce seamlessly on a single platform.

— Terry EdetExplaining the vision and functionality of Dasamonie's new financial super app.
DistantNews Editorial

Originally published by ThisDay. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.