Dakota helps businesses access US dollars globally. It is a business banking platform that lets companies hold and move USD quickly through channels like ACH, Fedwire, SWIFT, and SEPA, so they can operate across borders. Deposits are backed by US Treasuries, which gives clients security and control over their funds. The service runs on a subscription model with a free tier and a Pro plan at $250 per month that adds features and support. Clients can earn up to 4% rewards on balances, with higher returns possible through risk-adjusted DeFi lending. The goal is to provide a reliable, flexible banking experience without annual fees or setup costs, while offering security and transparency. Dakota aims to stand out by using stablecoins backed by US Treasuries, by enabling DeFi lending options, and by planning to add corporate credit cards to broaden its financial services, supported by notable investors.
Company Size
11-50
Company Stage
Series A
Total Funding
$12.5M
Headquarters
Boulder, Colorado
Founded
2023
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