What exactly does Damisa do?
Damisa is an enterprise-grade financial infrastructure platform. We provide the routing technology and liquidity networks required for global businesses to collect, settle, and disburse high-volume B2B payments instantly, entirely bypassing the delays and hidden fees of legacy correspondent banking.
Is Damisa a bank?
No. Damisa is a financial technology company. We operate as a regulated infrastructure layer that sits on top of, and integrates directly with, tier-one global banking networks and local real-time clearing rails.
Do we need to manage digital asset infrastructure to use the platform?
No. Damisa handles all currency conversion and digital asset abstraction in the background. You never need to open a digital wallet, manage private keys, or hold digital assets on your balance sheet to benefit from our settlement speeds.
Are the fiat accounts and vIBANs actually in our company's name?
Yes. We provide fully compliant, named accounts and virtual routing IBANs that are permanently assigned and legally linked to your corporate entity. They function exactly like traditional tier-one bank accounts, ensuring you maintain complete control and completely neutralizing third-party holding risks.
What is required for corporate onboarding, and how long does it take?
Onboarding requires standard corporate Know Your Business (KYB) documentation, including certificates of incorporation and Ultimate Beneficial Owner (UBO) verification. Following a successful compliance check, multi-currency accounts can be provisioned and ready to receive funds within 48 hours.
Can we pay third-party vendors directly from the platform?
For digital asset disbursements, third-party payouts are fully supported via automated on-ramps. For traditional fiat disbursements, payouts are currently restricted to first-party accounts (accounts in your own corporate name) as part of our strict initial compliance framework. We will be unlocking third-party fiat payouts in future roadmap updates.
Can we manage multiple corporate entities from one dashboard?
Yes. Our platform is built for complex corporate structures. You can map multiple regional subsidiaries to your master dashboard, maintaining granular access controls and strict entity segregation.
Which specific currency corridors do you support?
We bridge major global currencies (EUR, USD, GBP) with complex emerging and frontier markets. We specialize in seamless local currency settlements, offering dedicated rails for NGN, KES, GHS, MWK, MXN, and BRL.
How fast do international cross-border payments settle?
By utilizing modern digital routing and deep local liquidity pools, Damisa settles transactions in seconds. We replace unpredictable T+3 SWIFT delays with instant, verifiable execution.
How do you handle foreign exchange (FX) and price slippage?
Damisa neutralizes volatility through instant programmatic conversion. There is zero price slippage. Our automated conversion ensures the exact fiat value of your invoice is locked and settled instantly into your master treasury balances at institutional execution rates.
How are our corporate funds safeguarded?
Capital preservation is our foundational priority. Damisa utilizes strict ring-fencing protocols. 100% of your fiat balances are strictly segregated from our operational capital and safeguarded in accounts with our regulated, tier-one credit institution partners.
Can we set custom user permissions for our finance team?
Absolutely. You can configure Role-Based Access Controls (RBAC), requiring mandatory multi-signature approvals for high-value deployments or restricting specific users to "view-only" reporting access.
Where can we view our specific wallet and IBAN routing details?
All dedicated routing details and external account lists are clearly visible and categorised directly on your Damisa dashboard. We provide a self-managed environment where finance teams can cleanly separate external operations to eliminate the risk of misdirected funds.
Can Damisa integrate directly with our existing ERP system?
Yes. Damisa’s infrastructure acts as a seamless extension of your financial stack. Our RESTful API allows your systems to generate new vIBANs dynamically at checkout, while webhooks push real-time ledger data directly into NetSuite or SAP.
How complex is the API integration process?
Our architecture is designed for rapid deployment. Depending on your required modules, engineering teams can integrate and test within our secure sandbox environment in a matter of days, fully supported by our dedicated integration engineers.
What happens if an erroneous payment request is generated?
Finance teams have full control over the transaction lifecycle. Erroneous payment requests can be closed directly from the dashboard UI. If left un-actioned, pending requests will automatically expire after 30 days for security purposes.
Can we pay a vendor in crypto if we only hold fiat?
Yes. Damisa will automatically execute the fiat-to-stablecoin on-ramp at the exact moment of disbursement, ensuring the vendor receives digital assets while your treasury only interacts with traditional fiat.
How does the Damisa Commercial Escrow framework operate?
In our V1 Escrow framework, funds are held in strictly safeguarded accounts and released based on specific, programmatic conditions. Releases are triggered either automatically via pre-agreed chronological milestones or upon secure manual confirmation of delivery by authorized counterparties, eliminating counterparty risk in global trade.
