OneDosh, a New York-based fintech building payment infrastructure between the United States and Nigeria, closed a $4 million pre-seed round split across two tranches, the company disclosed Monday. The startup raised $3 million in an initial close announced February 3, 2026, and added another $1 million in June 2026, according to press materials and a Securities and Exchange Commission filing.
The capital puts OneDosh in a remittance corridor where stablecoin adoption has accelerated sharply. An International Monetary Fund analysis published in June 2026 pointed to Nigeria's outsized share of stablecoin inflows across sub-Saharan Africa, a region where Chainalysis data showed retail crypto activity climbing in 2025 as traditional banking infrastructure struggles to keep pace with demand.
OneDosh's wallet merges stablecoins like USDC and USDT with conventional fiat currencies, letting users move money in U.S. dollars and Nigerian naira. The platform also issues a dollar-denominated Visa card that plugs into Apple Pay and Google Pay, accepted anywhere Visa runs.
Fees run 0.5 percent when users load funds onto the card, plus a 1 percent service charge for currency conversions between dollars and naira, with an additional 1 percent partner fee layered on top, according to the company's FAQ page. In June, OneDosh linked up with Cash App for wallet funding and waived fees for eligible U.S. users through the end of August, a move TechCabal reported at the time.
User counts have climbed quickly. OneDosh said it crossed 200,000 users as of early June, when it announced the $1 million extension, according to BusinessDay Nigeria. The company projected it would hit 400,000 within two months, though as of early September 2026, no public update has confirmed whether that target landed.
The June funding also bankrolled an expansion into 29 European countries. OneDosh's app is live on iOS and Android; Apple App Store data from early September showed 41 ratings, a modest but early signal of traction.
Jackson Ukuevo leads the company as co-founder and chief executive, joined by co-founders Godwin Okoye and Babatunde Osinowo. The trio brings experience from ZeroHash, Plaid, and Amazon, the company said in February. Ukuevo's LinkedIn profile lists more than 18 years in entrepreneurship and investment roles and education from Harvard Kennedy School. OneDosh operates out of 3 Columbus Circle in Manhattan. LinkedIn data from early September 2026 pegged headcount between 11 and 50 employees.
OneDosh declined to name its backers. Crunchbase shows anonymized investor data but lacks an officially confirmed investor list, and the SEC filing recorded just one investor as of late February, when $2.4 million of the initial $3 million tranche had closed.
In its February announcement, the company said it would deploy the funds to expand payment corridors, deepen liquidity partnerships, and bring on senior hires. "We are not raising capital to celebrate a valuation or a funding round," Ukuevo told BusinessDay in June. "We are raising capital to build. To create infrastructure that removes friction from the global economy and gives people access to financial services regardless of where they live."
The platform currently serves U.S. and Nigerian residents, with "additional countries coming soon," according to OneDosh's FAQ. The company has disclosed partnerships with Stripe, Cash App, Bridge, Yellow Card, Paga, Sumsub, Plaid, and dLocal in LinkedIn posts, though the scope of those integrations remains vague.
"This launch gives US users a familiar way to fund their OneDosh wallet and move value across borders, starting with one of the most important corridors in the world: the United States and Nigeria," Sebhia Dibra, OneDosh's chief marketing officer, said in June when the Cash App integration went live.
Whether OneDosh can carve out lasting share in a crowded field remains an open question. Stablecoin-powered remittances have attracted a wave of startups chasing the same inefficiencies in legacy rails, and execution will hinge on whether OneDosh can sustain user growth while managing the regulatory complexity that comes with operating across multiple jurisdictions.
