Payment app Dash has raised USD32.8 million in an oversubscribed seed round, one of the largest seed rounds for an African technology startup.
The round was led by New York-based global private equity and venture capital firm Insight Venture Partners, with participation from Global Founders Capital and 4DX Ventures.
Other investors in the round include ASK Capital, Techstars, 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 funding will go towards building out Dash’s team, launching new features, and the expansion of its footprint across key markets in Africa.
Dash was founded by Prince Boakye Boampong to create a unified payments app to increase efficiency and accessibility for the estimated 1.3 billion Africans currently transacting via digital payments.
