Dash Raises $32.8M in Seed Funding

Dash App, Founder, Prince Boakye Boampong. (Photo: Business Wire)

Dash, an Accra, Ghana-based payments app provider, raised $32.8M in Seed funding.

The round was led by Insight Venture Partners, with participation from Global Founders Capital, 4DX Ventures, ASK Capital, Techstars, and Guillaume Pousaz’s Zinal Growth Partners, Jitendra Gupta of Jupiter Money, Amrish Rau, CEO of Pine Labs, the founders of Moss, executives from ProcessOut (acquired by Checkout.com), and the founders of PennyLane.

The company intends to use the funds to launch new features, and expand its footprint across key markets in Africa.

Founded by Prince Boakye Boampong, Dash is a unified and accessible payments app built to enable 1.3 billion Africans to transact with digital money. Currently operational in Kenya, Ghana and Nigeria, in January 2022 alone, Dash reported a Total Processed Volume (TPV) of over $300 million, up 3X on a monthly basis from Q4 2021. The company’s 1 million+ customers have processed over $1 billion since its launch in 2020.