🇰🇿 KZ · Kazakhstan
Food & events
Banquet hall + government-tender F&B supply
Turnover
$1.73M
Equity growth
~55× in 21mo
Jan 2024 — Mar 2026 · 27mo
Allocation 2026
Private credit
for private capital.
Dash gives private investors access to secured credit deals in Central Asia.
Senior secured USD-denominated Quarterly distributions
§01 · The fund
Yield banks
used to keep to themselves.
Private credit is a capital-markets segment yielding 15–25% per annum: working-capital lines, trade finance, and secured direct lending to private businesses. For decades it has been accessible only to banks and major institutional investors — private investors were kept out by high minimum commitments and opaque infrastructure.
Dash opens this segment to private investors. A single fund vehicle, $10,000 minimum, transparent reporting. The same yield banks have earned for years — now accessible to private capital.
§02 · How the model works
Where the yield
comes from.
The fund finances secured trade credit for small and medium-sized businesses in Central Asia. Businesses pay for that capital — and that interest is what generates investor yield.
The path of capital
01
Investor capital
You commit funds in USD. Capital is pooled into a single fund vehicle.
02
Lending to business
The fund issues short, secured loans to vetted businesses against working capital and trade deals.
03
Repaid with interest
Businesses repay with interest. The spread between borrower rate and your return covers costs and the buffer.
04
Distributions
Income is distributed to investors quarterly in USD. Reinvestment is available.
How your capital is protected
Investors sit at the top of the capital stack.
Dash's own capital absorbs the first 20% of any losses on the loan book before investor capital is touched. You're the super-senior tranche.
Loss waterfall
If a borrower defaults, losses flow up the stack from the bottom. Dash's own capital is fully exhausted before any loss reaches investors.
Investor capital · 80%
Super-senior tranche. Last to absorb losses, first in line for repayment.
Dash capital (first-loss) · 20%
Dash's own capital sits at the bottom of the stack. It absorbs every loss before any investor is touched.
Top of stack · paid first
Investor capital80%
Super-senior tranche. Last to absorb losses, first in line for repayment.
Dash capital (first-loss)20%
Dash's own capital sits at the bottom of the stack. It absorbs every loss before any investor is touched.
Bottom of stack · absorbs losses first
Capital-stack proportions are illustrative and reflect the fund's target structure. Actual tranche sizing is fixed in the LPA and may change as the portfolio scales.
§03 · Strategy parameters
Terms of participation
Target return from 15% p.a. · USD
Minimum commitment $10,000
Investment horizon 6 months, extendable
Distributions Quarterly
Deposit method SWIFT USD · USDT / USDC
Structure Senior secured
Investment region Central Asia
Returns are targets, not guarantees. Past results do not determine future performance.
Your returns
Estimate
your income.
Target return from 15% p.a. in USD with quarterly distributions. Drag the slider to see an estimate for your amount.
$50,000
Target rate: 15%Horizon: 6 months
Income per year
$7,500
Quarterly payout
$1,875
Capital after 6 mo
$53,750
Cumulative income by quarter
Q1Q2
Estimated at the 15% target rate, no reinvestment. Returns are targeted, not guaranteed. Past performance does not determine future results.
§04 · Portfolio
The businesses
your capital finances.
Assets under management
~$500K
Every borrower is reviewed against bank statements and tax filings before any capital is deployed. Below are anonymized examples from the current portfolio.
🇰🇬 KG · Kyrgyzstan
Import & wholesale
Türkiye-sourced consumer goods + construction materials
Turnover (12mo)
$2.44M
Net margin
13.8%
Jan 2025 — Dec 2025 · 12mo
🇺🇿 UZ · Uzbekistan
Agri exporter
Fresh fruit & vegetable exports to the EU
Turnover
$1.82M
EU customer share
~70%
Jan 2024 — Feb 2026 · 25mo
🇨🇳 CN · China
GPU distribution
GPU resale to retailers and system integrators
Turnover (12mo)
$498K
Inventory turn
< 30 days
Jan 2025 — Dec 2025 · 12mo
Steady turnover is what lets a business service short-term trade credit. These are the deals your capital finances — and what generates your income.
§05 · Team
Who runs the fund
The fund is run by Dash's founders — with operational control over capital deployment and borrower assessment.
Mikhail Kedzel
Co-founder · Investments & credit risk
Responsible for the fund's investment strategy, borrower underwriting and portfolio management.
LinkedIn
Vladislav Lenskii
Co-founder · Operations & technology
Responsible for operational infrastructure, capital deployment and the technology platform.
LinkedIn§06 · Risk and liquidity
What you should understand
Investing in the fund involves the risk of partial or total loss of capital. Returns are targeted, not guaranteed. Past performance does not determine future results.
Funds are not insured by any deposit-guarantee scheme and do not constitute a bank deposit. Capital is returnable at the end of the investment period (6 months) or in quarterly early-exit windows subject to a discount.
In the event of borrower default, the fund executes collateral through procedures defined in the LPA. Full restoration of the position is not guaranteed.
§07 · Process
How to become an investor
01
Application
You submit the form. The management team responds within 24 hours via the contact details you provide.
02
Introduction
Call with the team, about 30 minutes. You learn the strategy, we learn your profile and objectives.
03
Signing
KYC and AML procedures, LPA signing, USD transfer via SWIFT or USDT/USDC to the fund wallet.
04
Distributions
Quarterly portfolio report. Payouts in USD. Reinvestment option available.
§08 · Application
Get in touch
Applications are reviewed individually. The management team responds within 24 hours via the contact details you provide.
Frequently asked
The essentials, briefly.
What is The Dash?
A private credit fund that gives private investors access to secured lending to vetted businesses in Central Asia — a segment historically reserved mostly for banks.
What return, and is it guaranteed?
The target return is from 15% per annum in USD with quarterly distributions. It's a target, not a guarantee: returns can be lower, and capital can be partially or fully lost.
What is the minimum commitment?
The minimum is $10,000. Funding is accepted in USD via SWIFT or in USDT/USDC.
How is my capital protected?
Investors sit in the super-senior tranche, and The Dash's own capital sits in the first-loss tranche — it absorbs losses before investor capital. Loans are secured by collateral and the business's cash flow. This reduces risk but does not make the investment risk-free.
What is the horizon, and can I exit early?
The investment horizon is 6 months, extendable. The investment is illiquid: early exit is available only in quarterly liquidity windows and at a discount.
How often and in what currency are distributions?
Distributions are quarterly, in USD. Income can be withdrawn or reinvested.
How do I become an investor?
Submit the form → an intro call with the team (~30 minutes) → KYC/AML and LPA signing → funding. The management team responds within 24 hours.
Is this a bank deposit? Is it insured?
No. This is not a bank deposit and is not insured by any deposit-guarantee scheme. It is an investment in private credit with its own risk.