Damisa Secures £2m Pre-seed Investment to Revolutionize Cross-border Payments
Deal News | Apr 10, 2025 | UK Tech Funding
Damisa, a pioneering fintech company co-founded by Jordan Lawrence, has successfully raised £2.25 million in a pre-seed funding round. The company, which specializes in cross-border payments for sectors such as logistics, real estate, travel, and education, aims to simplify international transactions with smart wallets and stablecoin orchestration. The latest funding round was led by London-based Fuel Ventures, with additional support from EWOR, Greyhound Capital, and angel investor Mark Ransford. The company, which has already secured a Virtual Asset Service Provider (VASP) license in Poland and is close to obtaining an Australian Financial Services License, plans to use the funds to scale operations, enhance its product offerings, and expand its market presence.
Sectors
- Fintech
- Venture Capital
Geography
- United Kingdom – Damisa's funding round is led by London-based Fuel Ventures, indicating a strong UK involvement in the initiative.
- Poland – Damisa has obtained a VASP license in Poland, reflecting the company's operational reach.
- Australia – Efforts to secure an Australian Financial Services License indicate a strategic focus on expanding operations to Australia.
Industry
- Fintech – Damisa operates within the fintech industry, specializing in cross-border payments and financial technology solutions.
- Venture Capital – The article discusses funding activities, highlighting the role of venture capital firms like Fuel Ventures in supporting fintech startups.
Financials
- £2.25 million – The total amount raised in Damisa's pre-seed funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Damisa | Target company | Company | A fintech startup specializing in cross-border payments. |
| Jordan Lawrence | Co-founder | Person | Former co-founder of Volt, now leading Damisa. |
| Fuel Ventures | Venture Capital Firm | Company | Led the pre-seed funding round for Damisa. |
| Mark Pearson | Managing Partner at Fuel Ventures | Person | Involved in funding Damisa's growth. |
| EWOR | Investor | Company | Contributed to Damisa's pre-seed round. |
| Greyhound Capital | Investor | Company | Participated in Damisa's funding round. |
| Mark Ransford | Angel Investor | Person | Contributed to Damisa's financing. |