- Provides access through bank partners to secure online, safe and convenient banking services for businesses in the cash-intensive cannabis industry
- Founded by banking and payments industry veterans experienced in building and scaling businesses
- Partnered with numerous financial institutions to help cash-intensive businesses reduce financial and safety risk, and run their businesses more efficiently
- Deposits held at partner banks are FDIC-insured up to $250,000 per account
Dama Financial, through its bank partners, provides cannabis-related businesses (CRBs) access to transparent, sustainable banking and payment solutions. Using innovative technology, data and artificial intelligence, Dama exceeds the compliance and regulatory requirements for servicing CRBs, bringing legitimacy to the rapidly growing cannabis industry. Dama’s comprehensive and compliant financial framework offers CRBs the option to maintain cashless operations, reducing their exposure to security risks while improving their business efficiencies and operational focus.
Background
As successful fintech entrepreneurs, Dama’s founders have a proven track record of building companies that have removed the barriers that exclude unbanked categories from accessing the fundamental financial solutions necessary to thrive. During the past three years, Dama’s leadership team has turned its…
NOTE TO INVESTORS: The latest news and updates relating to Dama Financial are available in the company’s newsroom at http://cnw.fm/Dama
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