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July 15, 2025 – Dakota, the innovative financial technology company transforming business banking for the digital age, today announced it has successfully raised $12.5 million in a Series A funding round. The round was led by CoinFund, with significant participation from 6th Man Ventures, Triton Ventures, and DCG. This substantial investment will accelerate Dakota’s mission to provide a globally accessible, secure, and efficient financial platform for businesses operating in the internet economy.
Traditional financial systems have struggled to keep pace with the speed of the digital world. While information moves instantly and software scales globally, money transfers remain bogged down by legacy systems, intermediaries, and fragmented infrastructure, leading to delays, high costs, and a lack of transparency for cross-border payments. Businesses expanding internationally are often forced to piece together disparate accounts and providers, creating significant operational friction.
Dakota directly addresses these challenges by building a financial platform designed from the ground up for a connected, digital economy. The platform uniquely combines stablecoin technology with the robust security of U.S. Treasuries, while seamlessly integrating with traditional payment networks. This approach delivers a regulated, enterprise-grade solution for global payments and comprehensive treasury management.
"Money hasn’t kept up with the internet. We’ve all felt the friction of trying to move money globally – whether paying a distributed team, accessing new markets, or managing liquidity," stated a representative from Dakota. "Dakota is building the account for a new era, where the financial system evolves toward transparency, interoperability, and embraces technology as infrastructure. This funding validates our vision and empowers us to further expand our product suite and global reach."
With Dakota, businesses can:
- Open Accounts from 100+ Countries: Facilitating global onboarding for businesses in key regions including the US, UK, EU, Singapore, and across Latin America.
- Make Global Payments in Minutes, Not Days: Expediting money movement across diverse networks such including SWIFT, SEPA, ACH, domestic wires, and stablecoin networks.
- Issue Corporate Cards with Smart Controls: Providing virtual and physical cards with customizable spend controls and policies for effortless expense management.
- Earn Up to 4% Yield on Balances: Allowing businesses to maximize returns directly on their operating balances, eliminating the need to juggle liquidity between different account types.
Since its launch in 2024, Dakota has rapidly gained traction, with over 500 companies – ranging from high-growth startups to international nonprofits – trusting the platform to manage their global financial operations. The platform has already processed billions in transaction volume, demonstrating its effectiveness in powering the financial backbone of modern commerce for businesses scaling into new markets, managing distributed teams, or moving capital across borders.
The investment comes at a pivotal time as global policymakers increasingly clear the path for regulated stablecoin adoption. In the U.S., bipartisan frameworks like the GENIUS Act signal a shift toward mainstream regulatory clarity, while regions like the EU, Hong Kong, and Singapore are setting their own global standards. Dakota is at the forefront of this evolution, offering a platform that aligns with the future of transparent, interoperable, and technologically advanced financial infrastructure.
"We believe Dakota is building essential infrastructure for the next generation of global finance," said a spokesperson from CoinFund. "Their innovative approach to leveraging stablecoins and U.S. Treasuries to solve long-standing pain points in international business banking positions them as a leader in this rapidly evolving space. We are proud to support their growth and vision."
The $12.5 million Series A capital will be strategically deployed to expand Dakota’s product offerings, extend its reach into new markets, and thoughtfully grow its team of experts who have previously built products that custody over $100 billion in crypto and worked at leading fintech and security companies. This investment underscores Dakota’s commitment to helping businesses worldwide move money with the speed, security, and flexibility demanded by the modern economy.
Businesses can get started and experience banking for the internet age by visiting dakota.xyz.
About Dakota
Dakota is a financial technology company building a modern banking platform powered by stablecoins and backed by U.S. Treasuries. Focused on making global finance faster, seamless, and secure, Dakota provides businesses with global access to U.S. dollars, fast payments, corporate cards, and yield opportunities. While Dakota is a financial technology company and not a bank, its banking services are provided through global bank partners, with U.S. partners being FDIC members.
Compiled by CMO Intern team
