Overview
Damisa, at a glance.
Damisa is a money services business headquartered in Canada, regulated by FINTRAC, Bank of Canada, AUSTRAC. Pricing is agreed with each client. Opening an account takes 3–5 days.
Damisa says client funds are held in segregated accounts and dedicated wallets with regulated financial institutions, separate from its own operating funds. Balances are not insured by the Canada Deposit Insurance Corporation.
Why businesses pick Damisa
- Multi-currency accounts and virtual IBANs in your company's name
- Payouts in 55 currencies, strong in African and Latin American corridors
- Settlement in hours, including weekends
- Collect by SEPA and Faster Payments; pay out in fiat or stablecoins
- Dashboard and API, with ERP integration
Watch out for
- Only for medium-sized and large companies and financial institutions
- No prices published; fees set per client
- No cards
- Registered as a money services business, not an e-money institution or bank
- No Trustpilot profile
Business fit
Will Damisa accept your business?
Four quick answers. Where your company is registered and what it does rule a provider in or out faster than anything else.
Based on Damisa's published rules
Needs review
Damisa works with Import and export, but does not publish the countries it accepts companies from.
Damisa does not publish a minimum company age or turnover, so those two answers are not checked here.
This is one provider. Your profile checks all of them.
- Every provider that fits your business
- The reason behind each match
- Company age and turnover checked too
Who it works with
Accepted and not accepted.
What Damisa publishes about the businesses it takes on.
Who Damisa serves
- Import and export
- Financial institutions
- Crypto
- Marketplaces
Not supported
Industries and countries Damisa does not accept, from its own published lists.
Industries
- any unlawful activity, including money laundering, terrorist financing, fraud, tax evasion, or sanctions evasion
- mixers, tumblers, or other services or protocols designed to obscure the origin, ownership, or destination of Crypto Assets
- darknet marketplaces or the purchase or sale of illegal goods or services
- unlicensed or unlawful gambling
- the offer or sale of securities or derivatives in breach of applicable securities legislation
- transactions involving persons or entities located, organised, or resident in jurisdictions subject to comprehensive sanctions, or involving any sanctioned person
- shell banks or unregulated financial institutions with no physical presence
- market abuse of any kind, including price manipulation, wash trading, spoofing, or front-running
- any attempt to circumvent Damisa's compliance controls, transaction limits, or onboarding requirements
Countries
- Not published
Coverage
Where can you use Damisa?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
USD, GBP, EUR, AUD
Hold and receive · 4 currencies
- EUR
- USD
- GBP
- AUD
Pay out · 55 currencies
- EUR
- GBP
- CHF
- AUD
- JPY
- AED
- AOA
- ARS
- BHD
- BIF
- BRL
- BWP
- CDF
- CLP
- CNY
- COP
- CRC
- CZK
- DKK
- ETB
- GHS
- HKD
- HUF
- IDR
- ILS
- INR
- JOD
- KES
- KWD
- MAD
- MGA
- MWK
- MXN
- MYR
- MZN
- NGN
- NOK
- NZD
- OMR
- PEN
- PHP
- PLN
- QAR
- RWF
- SEK
- SGD
- THB
- TZS
- UGX
- VND
- XAF
- XOF
- ZAR
- ZMW
- ZWG
Payment reach
Not published
Who can apply
Company incorporation countries
Not publishedOwner nationality
Not publishedOwner residency
Not publishedCompany types
Medium-sized and large companies, Financial institutions
Pricing
What does Damisa cost?
Look beyond the monthly fee. Your total cost depends on how many transfers you make, where they go and how much you convert.
Account cost
Opening fee
Not published
Monthly fee
Not published
Custom pricing
Custom
Transaction fees
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | Not published | Rate locked at execution |
Crypto
| Cost | Listed amount | How it is charged |
|---|---|---|
| On-ramp (fiat to crypto) | Not published | |
| Off-ramp (crypto to fiat) | Not published |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Contact sales
Send your requirements and expected monthly volume through the contact form.
- 2
KYB
Provide certificates of incorporation and verify the ultimate beneficial owners.
- 3
Compliance check
Damisa reviews the company and its owners.
- 4
Accounts live
Accounts and virtual IBANs are ready to receive funds within 48 hours of approval.
Documents you need
Not published
FAQ
Your questions, answered.
Is Damisa a bank?
No. Damisa Technologies Canada Ltd. is registered with FINTRAC as a money services business (N300000823) and with the Bank of Canada as a payment service provider. Its Australian company is registered with AUSTRAC.
Are the accounts in my company's name?
Yes. Damisa issues multi-currency accounts and virtual IBANs in your verified company name, so payers see your name and payments are matched automatically.
Who can open a Damisa account?
Medium-sized and large companies, financial institutions and other professional entities. Damisa does not serve consumers or sole traders.
How much does Damisa cost?
Damisa publishes no price list. Fees are set in each client's order form; its home page gives 0.5% as an indicative transaction fee.
Alternatives
How Damisa compares.
If Damisa is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 DamisaThis pageMoney services business |   | Virtual IBANsEnterprise |
| BVNKE-money institution |   | StablecoinsEnterprise |
 BCB GroupPayment institution |  | Crypto-friendlyInstitutional |
 Fiat RepublicE-money institution |  | Crypto platformsAPI |
 InxyCrypto payments |  | StablecoinsPayouts |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.