Dama Financial is a fintech company that offers banking, payments, and business management solutions for cannabis-related businesses (CRBs) 1. Dama Financial’s solutions integrate product, operations, compliance, and financial data in a more usable and flexible solution than any current offering in the industry 1. Dama Financial is an agent of its partnering institutions and licensed money transmitters. Your funds will be deposited into a custodial account maintained for the benefit of account holders at one or more FDIC-insured institutions 2.
Dama Financial has competitors such as Green Check Verified 3 and PayQwick 4.
Dama Financial has competitors such as Green Check Verified 3 and PayQwick 4.
Location: United States, California, South San Francisco
Employees: 51-200
Total raised: $12.6M
Founded date: 2016
Investors 1
| Date | Name | Website |
| - | Entourage ... | entouragee... |
Funding Rounds 1
| Date | Series | Amount | Investors |
| 21.04.2021 | Series B | $12.6M | - |
Mentions in press and media 6
| Date | Title | Description |
| 27.07.2024 | LeafLink's Bold Move: A New Era for Cannabis Banking | In the ever-evolving landscape of cannabis, LeafLink has made a significant leap. The acquisition of Dama Financial's banking division marks a pivotal moment for the cannabis industry. This deal is not just a transaction; it’s a lifeline fo... |
| 24.07.2024 | LeafLink Acquires Leading Cannabis Banking Platform Dama Financial to Offer Industry Access to Secure, Compliant, & Reliable Banking Solutions | Acquisition is critical milestone for LeafLink as it expands financial solutions for cannabis operators NEW YORK, July 24, 2024 /PRNewswire/ -- LeafLink, the nation's leading cannabis wholesale platform, announced the acquisition of the ass... |
| 10.11.2021 | Ed Labry Joins Dama Financial as Executive Chairman | SOUTH SAN FRANCISCO, Calif., Nov. 10, 2021 /PRNewswire/ -- Dama Financial ("Dama"), the nation's largest provider of access to banking and payment solutions for the cannabis industry, has named industry veteran Ed Labry as executi... |
| 22.04.2021 | Finding Alternatives To Cash Transactions | Chief Revenue Officer, Dama Financial. |
| 09.02.2021 | The Challenge Of Building Credit In The Cannabis Industry | CEO at Dama Financial |
| 15.04.2020 | Cannabis software: 300+ companies powering the industry | The sector-agnostic use case of many technology-driven innovations has led to software becoming the foundation in various industries. Following decades of prohibition and patchwork regulations, many established software solutions have not y... |