How Dama Financial Is Offering the Cannabis Industry Comprehensive… – New Cannabis Ventures

Exclusive Interview with Dama Financial Co-Founder and CEO Anh Hatzopoulos

Dama Financial was formed four and a half years ago by a group of payments professionals. Today, the company partners with FDIC-insured banks and offers the cannabis industry comprehensive banking and financial services. Co-Founder and CEO Anh Hatzopoulos spoke with New Cannabis Ventures about serving the cannabis space and growing the Dama Financial platform. The audio of the entire conversation is available at the end of this written summary.

The Co-Founders

Hatzopoulos has a long history of creating and scaling startups. Over the course of her career, she has had a number of exits via going public and being bought. When Colorado legalized recreational cannabis, she and her fellow co-founders Dan Henry and George Gresham recognized the lack of banking and financial solutions as a problem for the industry. They assumed that problem would be solved, but it still hadn’t been when California moved to legalize recreational cannabis. Together, they saw a need and a public safety issue that they could address.

The co-founders previously worked together at payments company Netspend. Dama Financial has attracted other talent including Chief Revenue Officer Eric Kaufman, CFO Jon Anderson, VP of Customer Operations Thea Jandial and Chief Risk Officer Michelle Sullivan.

Dama Financial’s Solutions

The Dama Financial platform provides cannabis clients access to bank accounts. Beyond that, clients can engage others services, such as savings accounts, lending and secured credit cards. The company is also adding a payroll service. The platform will continue to add more business tools for its cannabis clients.

The Dama Financial Platform Facilitates B2B and B2C Payments for Companies Throughout the Cannabis Industry Supply Chain.

While Dama Financial has competitors within each of the

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