OneDosh, a digital financial services platform, is expanding its operations beyond individual customers to target businesses and high net worth individuals, with plans to facilitate cross border currency conversions of up to $1 million in a single transaction. The move is part of the company’s strategy to strengthen its position in the international payments market and provide businesses with faster, cheaper and more secure ways of moving money across currencies.
The company’s Chief Product Officer, Austin Cornell, disclosed this on the sidelines of OneDosh Frontier ’26, held in Lagos, where the fintech unveiled the second version of its platform and outlined plans for expansion. Cornell said the company would introduce an Elite subscription package later this year, featuring higher transaction limits, a premium metal payment card and lifestyle and travel benefits. He explained that the offering was primarily designed for businesses with substantial international payment needs, although high net worth individuals would also be eligible. According to him, eligible customers would be able to convert up to $1 million at a time.
The expansion represents a significant shift from OneDosh’s initial focus on freelancers, remote workers, content creators and other individual users to serving businesses engaged in international transactions. Launched in December 2025, the platform has expanded its services to include dollar and naira wallets, currency conversion, peer to peer transfers, virtual and physical payment cards and dollar bank accounts through licensed partners. The company said it had attracted approximately 300,000 users, processed more than $14 million in transactions and provided over 70,000 users with access to dollar bank accounts. It also unveiled Version 2 of its platform, which Cornell said had reduced median currency conversion time from 186 seconds to 19 seconds.
However, Cornell identified liquidity, particularly in naira and stablecoin markets, as a major challenge confronting cross border payment providers, noting that inadequate liquidity could affect exchange rates, transaction costs and settlement efficiency. He said OneDosh was working to expand its network of users and financial participants to improve liquidity and reduce conversion costs.
Beyond its corporate payment ambitions, the company is preparing to introduce an Earn feature offering an expected annual return of 3.5 per cent on eligible dollar balances, alongside plans to provide access to gold and Bitcoin. Cornell also disclosed that OneDosh was targeting expansion into 19 additional African countries before the end of 2026, while reaffirming its commitment to operating in compliance with Nigerian regulations through its licensed financial partners.