OneDosh secures $3 million pre-seed to build global stablecoin payment rails

OneDosh, a New York-headquartered, African-focused fintech startup, has announced raising $3 million in a pre-seed funding round to develop a stablecoin-powered global payments infrastructure. 

The company says the funds will back efforts to connect wallets, cards and countries into a single, programmable payments network. The investment round marks an early validation for a team that launched the product barely months ago and is now live across key corridors.

Founded by Jackson Ukuevo, Godwin Okoye and Babatunde Osinowo to address challenges plaguing the traditional cross-border payments system: slow, opaque and often brittle. Blocked cards, frozen accounts and sluggish bank transfers have pushed users and businesses to hunt for alternatives. OneDosh aims to fix these by making stablecoins the settlement layer for rapid, low-cost global transfers.

The firm is already operational in the United States and Nigeria. Users can move money from the U.S. to Nigeria and hold value in stablecoins. The platform also issues stablecoin-backed cards that work with Apple Pay and Google Pay and are accepted wherever Visa is supported. That combination lets recipients choose whether to receive cash or stablecoins, a key differentiator for markets where on-ramps and off-ramps vary by country.

Behind the consumer features is a bigger technical ambition. OneDosh says it is building the underlying rails needed for borderless money movement. That means programmable settlement layers, liquidity partnerships and the compliance plumbing required to operate across jurisdictions. The company plans to use the funding to expand corridors, bolster liquidity and make senior hires.

The team brings payments and compliance experience from established firms. That background is important because stablecoins alone do not solve regulatory complexity. 

OneDosh’s approach pairs asset-backed stablecoins with bank-grade KYC and anti-money-laundering controls. The result, the founders say, is a platform that can scale while meeting enterprise standards. 

Why OneDosh’s funding round matters

Remittances and freelance payments are shifting quickly. People work across borders. Small businesses sell globally. That behaviour has outpaced legacy settlement systems. Stablecoins promise near instantaneous settlement and predictable rails. If OneDosh can stitch stablecoins into existing card and wallet infrastructure while satisfying regulators, it could cut fees and settlement times for millions of users. 

For now, OneDosh’s challenge is execution. Liquidity, partnerships with local cash-out providers and regulatory clarity will determine how fast it can scale. The pre-seed round gives the team a runway to prove its architecture. If successful, the startup would join a small but growing cohort pushing stablecoins from niche use into everyday cross-border payments.

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