LeafLink and Confia have partnered, with LeafLink acquiring Confia's cannabis banking customers. These customers are transitioning to the Dama Financial by LeafLink platform, which offers banking services and a digital platform. This partnership follows LeafLink's July 2024 acquisition of Dama Financial, expanding LeafLink's offerings to include banking, credit, and payments tools for the cannabis industry. A 2025 LeafLink survey revealed that 10% of cannabis operators have faced banking shutdowns, with 11% operating without a bank. LeafLink, founded in 2016, is a B2B technology platform for the wholesale cannabis industry, also providing financial services. They acquired Dama Financial and Leaf Trade in 2024 and have received several recognitions for innovation in fintech.

LeafLink, Confia Partner to Deliver Cannabis Banking Services

Sep 4, 2025

Mg Magazine Newswire

MG Magazine

*NEW YORK —* LeafLink and Confia formed a strategic partnership through
which LeafLink acquired customers from Confia’s cannabis banking platform.
Confia customers have transitioned onto the Dama Financial by LeafLink
platform and gained access to its financial services suite. Dama Financial
provides businesses with access to banking services and a digital platform.

The partnership builds on LeafLink’s July 2024 acquisition of Dama
Financial, the banking division of Dama Technology Inc. This significantly
expanded LeafLink’s product offerings to include cannabis banking
capabilities. Since the acquisition, LeafLink offers a suite of banking,
credit, and payments tools.

A 2025 survey conducted by LeafLink found 10% of cannabis operators have
contended with banking shutdowns. While 63% of operators reported banking
with a local bank or credit union, 11% said they operate without a bank at
all. Of those with a bank, 40% said they contend with high monthly fees or
high transaction fees.
About LeafLink

Founded in 2016, LeafLink is a B2B technology platform for the wholesale
cannabis industry, enabling thousands of brands and retailers across 30+
markets to streamline e-commerce operations through sales, ordering, and
fulfillment tools. The platform also expands access to essential financial
services. In 2024, LeafLink acquired Dama Financial and Leaf Trade, a
wholesale cannabis marketplace. LeafLink has been recognized with Fast
Company’s 2024 Best Workplaces for Innovators (Banking, Finance, and
Fintech), Best Cannabis Fintech by Green Market Report, and inclusion in
Fast Company’s 2025 list of the World’s Most Innovative Companies.

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