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§ Private Profile · 50 W 23rd St, New York City, New York, 10010, United States
Fintech platform for high-volume cross-border B2B payments, using stablecoins for faster, cheaper global transactions to 130+ countries.
US-based Cedar Money operates a financial technology platform that facilitates high-volume cross-border business-to-business payments by bridging traditional fiat currencies with stablecoins. The company's digital infrastructure enables enterprise clients to process daily transaction volumes of up to $30 million and execute corporate payouts across more than 130 countries worldwide. While providing global coverage, the payment network specifically targets key African markets, including Nigeria, Kenya, and the Ivory Coast, through advanced application programming interfaces, blockchain technology, and upcoming artificial intelligence compliance tools. To support its ongoing international expansion and product development, the enterprise has secured $9.9 million in seed funding from a syndicate of venture capital firms led by QED Investors, with additional participation from Lattice, NIV, Stellar, and Wischoff Ventures. The financial technology company was officially founded in 2022 by chief executive officer Benjy Feinberg.
Cedar Money has raised $10.0M across 1 funding round.
Cedar Money has raised $10.0M in total across 1 funding round.
Cedar Money has raised $10.0M across 1 funding round. Most recently, it raised $10.0M Seed in January 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 1, 2025 | $10M Seed | QED Investors | Collaborative Seed & Growth Partners, Jenny Fielding, Scott Hartley, Operate, Hayden Simmons | Announced |
Cedar Money has raised $10.0M in total across 1 funding round.
Cedar Money's investors include QED Investors, Collaborative Seed & Growth Partners, Jenny Fielding, Scott Hartley, Operate, Hayden Simmons.
Cedar Money is a fintech company founded in 2022 that builds a payments platform enabling seamless cross-border B2B money transfers using stablecoins on the backend with a fiat-aligned, user-friendly interface.[1][2][3][4] It serves global businesses, particularly merchants receiving payments from emerging and underdeveloped markets like Africa, solving inefficiencies in the outdated SWIFT and correspondent banking systems—such as slow settlements, high costs, opaque fees, and fraud risks—by offering T+1 USD settlements, transparent pricing, real-time tracking, and streamlined local currency conversions.[2][3][4] The platform has demonstrated strong growth momentum, processing tens of millions in total payment volume (TPV) since launch with 21% month-over-month growth, up to $3 million daily liquidity, and a recent $9.9 million seed round led by QED Investors in January 2025 to scale operations.[2][3][4]
Cedar Money was founded in 2022 in Tel Aviv, Israel, by a team of serial entrepreneurs with over a decade of combined experience in finance, regulation, engineering, and fintech.[1][3][5] Led by CEO Benjy Feinberg, the company emerged to address the persistent barriers in international money flows, particularly between developed and emerging markets, by pioneering stablecoin-based infrastructure as an alternative to legacy banking rails.[1][2] Early traction came from its compliance-first approach, which proved impactful in regions with cumbersome traditional systems, quickly gaining investor backing from QED Investors in 2022 and culminating in the $9.9 million seed round led by QED with participation from North Island Ventures, Wischoff Ventures, Lattice, and Stellar.[1][2][3]
Cedar Money rides the stablecoin inflection point in global payments, capitalizing on blockchain's potential to disrupt the 1970s-era correspondent banking network amid rising recognition from businesses and governments of stablecoins' role in efficient cross-border flows.[1][2][3] Timing is ideal post-2025 seed funding, as digital asset momentum accelerates and underdeveloped markets demand alternatives to slow, costly systems, with market forces like dollar scarcity in Africa and regulatory tailwinds favoring compliant innovations.[2][4] It influences the ecosystem by redefining B2B payments for emerging-to-developed corridors, enabling faster reinvestment for merchants and setting a paradigm for hybrid blockchain-fiat infrastructure that scales globally.[1][3]
Cedar Money is poised to expand its platform with fresh seed capital, targeting deeper penetration in high-demand emerging markets and potentially adding new rails or partnerships to handle surging stablecoin adoption.[2][3][4] Trends like regulatory clarity for digital assets, rising B2B cross-border volumes, and AI-driven payment orchestration will shape its path, amplifying its 21% MoM growth into multi-hundred-million TPV scales. Its influence may evolve from niche disruptor to standard-setter in inclusive global finance, transforming how businesses bridge economic divides—just as it began by rewiring outdated rails for a seamless world.[1][2]