OneDosh used its Frontier 2026 event in Lagos on Tuesday, 10 November, to unveil a second version of its app, a premium metal card and a security programme. It also said it plans to enter 19 more African countries before the end of 2026. The figures in this article are company-stated and have not been independently verified.

OneDosh describes its products as dollar and naira wallets, currency conversion, virtual and physical payment cards, and dollar bank accounts through licensed partners, according to BusinessDay. It says it is not itself a bank and operates through licensed partners for banking, money transmission and virtual asset services.

Product changes

Version 2 cuts the app’s download size from 121MB to 23MB and reduces median currency conversion time from 186 seconds to 19, according to the company. It also introduced Money Fortress, a security initiative covering identity verification and platform protection.

The Elite metal card was shown at the event. In an interview with BusinessDay, chief product officer Austin Cornell said the Elite tier will launch later this year and is designed primarily for businesses, although high-net-worth individuals would also be eligible. It offers conversion of up to $1 million at a time. A BusinessDay event report had described the card as aimed at high-net-worth users. OneDosh has not shared pricing, fees or a launch date for the tier, according to TheStak.

Earn, plus gold and Bitcoin options, is coming, with no dates given. BusinessDay reports that Earn is expected to pay 3.5% a year on eligible dollar balances.

Users and expansion

OneDosh says it has grown from zero to 300,000 registered users in less than a year. BusinessDay also reports that the company had said more than 260,000 people had joined, while Cornell put the user base at approximately 300,000. In June, the company said it had surpassed 200,000 users.

Cornell said OneDosh plans to enter 19 additional African countries before the end of 2026. None were named, and the company did not disclose the investment behind the plan. BusinessDay reports that the initial focus would be letting users convert local currencies into dollars and back, along with cards and bank accounts.

Funding context

The event was not a funding announcement. A January 2026 report described a $3 million pre-seed raise. In June, OneDosh said in a brand-press post on Techpoint Africa that it had closed an additional $1 million pre-seed investment, bringing total pre-seed funding to $4 million, as the company stated.

What remains unclear

  • Which 19 countries are targeted, and when.
  • What investment, if any, supports the expansion.
  • Elite pricing, fees and launch date.
  • Whether the 300,000 figure counts registered users rather than active ones.
  • Liquidity: Cornell told BusinessDay that the biggest challenge in the market today is liquidity, which he said affects conversion rates in naira and stablecoins.

Sources

TopicsOneDosh Cross-border payments

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