Outstanding Performance > Best New Product
Dama Financial, in partnership with its FDIC-insured bank partners, is the first-to-date truly compliant and transparent banking solution for the cannabis industry. Dama allows for access to a safer and sustainable solution for cannabis-related businesses to manage business transactions. Our robust risk and compliance system meets the strict regulatory requirements of working within the cannabis industry.
Our founders are banking and payments industry veterans who have successfully built and scaled multiple businesses. They are driven by their passion for innovation, solving complex business problems and driving business value for all stakeholders.
Dama provides access to a suite of banking solutions for cannabis-related businesses including:
- Premier Business Account offers an online checking account that allows you to pay vendors, taxes, utilities, and employees by ACH, Wire or check. It features armored courier cash pickup and deposit, a Dedicated Relationship Manager and a secondary 1% interest-earning account.
- CashtoTax Account offers armored courier cash pick up and deposit into an account that allows you to pay your taxes online with no fee and no minimum balance.
- Paytender is a cashless payment solution that allows retailers to accept electronic payments online, in-store or at delivery. Paytender can integrate with common POS systems or with a Paytender terminal. Funds settle same day into the retailer’s account.
Dama also provides access to essential business services through our extensive network of partners that provide transparent business services, including accounting, taxes, payroll, HR support, insurance and more.
Dama Financial’s turnkey banking services are designed to uphold and surpass the strict regulatory and compliance requirements of banking CRBs.