Fintech deepens cross-border payment push

Fintech startup OneDosh is rapidly expanding its cross-border financial services, having gained 300,000 registered users in under a year amidst growing competition in the digital payment space. At its Frontier 2026 event in Lagos, the company unveiled a new application version, enhanced security features, and plans to enter 19 more African countries by the end of 2026.

Co-founder and Chief Product Officer Austin Cornell emphasized the company's mission to simplify international money transfers, addressing issues such as slow transfers, limited currency access, and restrictions for those living and doing business globally. Cornell stated, "Freedom is essential in your financial life; no one should be told what to do with their money or have their access restricted."

OneDosh Version 2, launched during the event, improves application performance and transaction speed. The upgrade reduces the app's download size from 121 megabytes to 23 megabytes, and median currency conversion time has dropped from 186 seconds to 19 seconds. The company also introduced an Elite metal card for high-net-worth customers, allowing transactions up to $1 million per transaction.

Additionally, OneDosh unveiled Money Fortress, a security initiative aimed at enhancing identity verification and platform protection.

The company's expansion strategy includes launching additional financial products, such as Earn, which offers gold and Bitcoin options, as well as plans to enter 19 more African countries by the end of 2026. The event featured a panel discussion titled 'Money Without Borders: Building the Rails for Africa’s Borderless Generation,' alongside industry stakeholders, partners, investors, and ambassadors.