SAN FRANCISCO, June 24, 2021 /PRNewswire/ -- Dama Financial ("Dama"), the nation's largest provider of access to banking and payment solutions for the cannabis industry, has expanded its product offering with the release of Dama Payroll, a comprehensive payroll solution that integrates seamlessly with Dama's platform.
Key elements of Dama Payroll include but are not limited to: payroll; employee timekeeping, labor management and workload planning.
Dama Financial introduces comprehensive payroll solution which integrates seamlessly into their banking platform.
"People are the driving force of every company, so by adding Dama Payroll to our suite of offerings we're not only making it easier for our customers to manage their employees, we're making it easier for them to grow their businesses," said Anh Hatzopoulos, Dama co-founder and chief executive officer. "Dama continues to become a one-stop shop where cannabis companies can take care of all their banking and business needs."
In addition to Dama Payroll, Dama's offerings include access to FDIC-insured Premier Banking, Dama Smart Safe, installment loans, secured credit cards, cash management, and merchant services with its sponsoring FDIC–insured partner banks.
Based in South San Francisco, Calif, Dama is the cannabis industry's leading provider of access to banking and financial services, powering safe and secure depository solutions for top licensed cannabis operators throughout the United States as well as electronic consumer payment solutions. The company was founded in 2017 by a team of world class fintech and payments executives to provide high-risk industries with critical access to fundamental financial solutions. Dama has leveraged its experience in other unbanked categories to develop solutions, driven by its proprietary technology platform, capable of navigating a complex web of regulatory and compliance requirements. The company's expansive product set, including Premier Business Banking, Paytender and CashToTax, fueled 350% top-line growth in 2020.
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