Dama Financial
Curated by SignalNiche neobank offering tailored banking services for cannabis businesses.
Overview
Dama Financial is a neobank that specializes in providing banking services tailored to the cannabis industry. Its services include interest-bearing accounts, a CashToTax service for managing tax obligations, and various business tools aimed at retail, delivery, manufacturing, distribution, cultivation, and branding within the cannabis sector. Dama collaborates with licensed money transmitters and holds custodial accounts at FDIC-insured institutions to ensure the security of customer deposits. The company seeks to address the difficulties cannabis businesses encounter in obtaining traditional financial services and supports the legislative efforts surrounding the SAFE Banking Act. Additionally, Dama offers an online portal for customer access and inquiries.
Key facts
- Founded
- 2016
- Headquarters
- San Francisco, United States
- Stage
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- Industry
- Financial Technology
- Sector
- Digital Banks
Business model
- GTM channel
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Contact
- Primary office
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- Phone
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