Dakota

Dakota

Global business banking platform offering USD access, secure DeFi lending, and US Treasury-backed deposits.

HQ location
United States
Website
Launch date
Employees
Enterprise value
$50—75m
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Dakota is a business banking platform designed to provide global access to U.S. dollars, enabling businesses to operate seamlessly across borders. The platform facilitates quick USD transfers through ACH, Fedwire, SWIFT, and SEPA, ensuring ease of global operations. Deposits are securely backed by U.S. Treasuries, offering clients peace of mind and control over their funds. Dakota's business model includes earning revenue through subscription plans, with a free tier available and a Pro plan at $250 per month, which offers enhanced features and support. Clients can earn up to 4% rewards on their balances, with opportunities for higher returns through risk-adjusted DeFi lending. The platform targets businesses seeking a reliable and flexible banking solution without the burden of annual fees or setup costs. Dakota's commitment to transparency and security is evident in its use of stablecoins backed by U.S. Treasuries, providing added flexibility and security. The company is supported by prominent investors and is poised to introduce corporate credit cards soon, further expanding its suite of financial services. Keywords: global banking, USD access, DeFi lending, US Treasuries, business banking, ACH transfers, subscription model, stablecoins, corporate credit cards, investor-backed.

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