In retrospect, though, the user and transaction volume growth that Dash reported within that short period may not have been entirely above board, as its growth figures significantly differed from what TechCrunch usually sees around how other consumer fintechs scale in Africa. The rapid growth, coupled with the fintech boom of 2020–2021 that spilled into the first quarter of 2022, allowed Dash to draw new investors as it reopened and quadrupled its seed round. That’s a 4x boost in transaction volume and a 5x rise in user count within five months. By March of 2022, five months after its first seed tranche, Dash’s total processing volume topped $1 billion and had acquired a million users from Ghana, Kenya and Nigeria, Boampong told TechCrunch in the March interview. It had done so by October 2021 off the back of acquiring about 200,000 users and processing $250 million in transaction volume.
#Dash app ghana series#
It also signified Insight Partners’ first lead investment into an African startup the $20-billion behemothtook part in Flutterwave’s Series C round in 2021.īefore raising over $30 million, Dash initially wanted to raise a quarter of that money, about $8 million, as its seed round. The seed round, which according to sources, valued Dash at slightly over $200 million, was the second-largest deal of its kind after PalmPay’s $40 million in 2019. Last March, the Ghana-founded and New York–headquartered Dash raised $32.8 million in equity from Insight Partners, Global Founders Capital, 4DX Ventures and ASK Capital, among others.
For the time being, the board replaced him with Kenneth Kinyua, the former CEO of Kopo Kopo, a Pan-African payments business, who recently joined Dash for a regional leadership role in East Africa.
#Dash app ghana serial#
You can increase limits and further reduce charges by signing up to the Dash+ service.Prince Boakye Boampong, the founder and CEO of Dash, which provides an alternative payment network with connected wallets allowing interaction between mobile money and bank accounts in Africa, has allegedly been temporarily suspended pending an investigation into financial impropriety, according to people with direct knowledge of the situation.īoampong founded the Ghanaian fintech in 2019 and is one of Africa’s well-known serial entrepreneurs after co-launching OMG Digital, a YC-backed Ghanaian media startup, in 2016. If that fails, we're always here to help you sort out any problem with our in-app customer support.ĭash+ gives you access to exclusive services in the Dash app. Want a refund? You can request a refund for any transaction, we will notify the other party, they can accept or decline.
#Dash app ghana full#
With monthly expense reports, you can see where your money went to with a full visual breakdown of your expenses. You can redeem airtime, data bundles, KPLC tokens and more. You can redeem rewards anytime, when you reach a threshold. You can top up your Dash app account using Mobile Money (M-PESA, MTN Mobile Money, AirtelTigo Money, Vodafone Cash & Airtel Money), Debit or Credit Card (Visa or Mastercard) & PayPal.ĭash rewards you with points whenever you transact. You can pay Paybill accounts & Buy Goods Till numbers straight from the Dash app. You can even automate these bills, we will notify you 5 days before the bills are due.
In Kenya, you can pay Zuku, DStv, GOtv, StarTimes, Safaricom Home and Nairobi Water bills. You can buy data bundles, airtime, pay for your Surfline, Vodafone Broadband, DStv, GOtv, Startimes, Busy Internet, MTN Fibre, ECG Postpaid and Water Bills in Ghana. With the Dash app, you'll be able to send money to bank accounts and PayPal accounts instantly and cheaper as well.ĭash App allows you to pay, automate and split bills with friends. You can also send money to any Mobile Money user, 80% cheaper than traditional means. You can send money across countries instantaneously. Sending and receiving money to/from a dash user is FREE. It works seamlessly with your Mobile Money account, card and bank account. Dash App simplifies your money movement and allows you to send, receive, spend and save, all in a single app, with full transparency and security.
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