OneDosh has raised $3 million in pre seed funding to build stablecoin powered infrastructure for cross border transfers, starting with the United States to Nigeria corridor.
Founded in February 2025 by Jackson Ukuevo, Godwin Okoye, and Babatunde Osinowo, the startup grew from the founders’ own headaches moving money across countries. Ukuevo, the chief executive, said cards were blocked, accounts were frozen, and transfers stalled under currency controls. The team concluded that demand is there, but the underlying systems are outdated.
OneDosh is live in the U.S. and Nigeria. It lets users send money between both countries, hold value in stablecoins, and spend through a stablecoin linked card that can be added to Apple Pay and Google Pay and used wherever Visa is accepted.
Alongside the consumer product, the company is building programmable stablecoin rails that connect wallets, cards, and markets into a single settlement layer. It says the rails are designed to make cross border payments simpler for individuals and businesses that move funds often.
The founders bring compliance and payments experience from firms such as ZeroHash and Plaid, plus product experience from Amazon.
Next, OneDosh plans to use the funding to expand into new corridors, strengthen liquidity partnerships, and hire senior talent as it scales operations.
The round comes as stablecoins gain ground across Africa as a tool for day to day value storage and cross border spending this year.