Cedar Money

Simplifying Cross-border Transactions for Businesses in Africa.

General Information
Company Name
Cedar Money
Founded Year
2022
Location (Offices)
New York, United States +4
Founders / Decision Makers
Number of Employees
20
Industries
Blockchain, Financial Services, Mobile +2
Funding Stage
Seed
Social Media

Cedar Money - Company Profile

Cedar Money is a financial technology startup that aims to simplify cross-border transactions for businesses in Africa. The company's platform integrates multiple regulated financial institutions to provide fast, seamless, and secure solutions, transforming international transactions into local experiences. Cedar offers competitive FX rates, rapid T+1 settlements, and personalized services, ensuring efficient and cost-effective cross-border transactions. Moreover, the platform is equipped with the ability to handle high-volume transactions, up to $30,000,000, thus assisting businesses in Africa in navigating complex financial systems. Founded in 2022 by a team of Israeli finance and technology experts, Cedar Money has established its current presence in Nigeria, Kenya, and the Ivory Coast, with the ability to payout in over 130+ international countries across the globe. The company has attracted significant attention in the investment landscape, with its most recent Seed Round investment of $9.90 million led by notable investors including QED Investors, Wischoff Ventures, North Island Ventures, Stellar Development Foundation, and Lattice. Cedar Money's innovative approach to simplifying global business payments, along with its experienced team and strategic investor support, positions the company as an emerging player in the financial technology space. To learn more, visit www.cedar.money today.

Taxonomy: Cross-border transactions, Fintech solutions, International payments, Blockchain technology, Financial operations, FX rates, Settlement solutions, Regulated financial institutions, Global business payments, Business debit cards, Stablecoin-to-fiat off-ramp, API integrations, African market expansion, High-volume transactions, Virtual debit cards

Funding Rounds & Investors of Cedar Money (1)

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Funding Stage Amount No. Investors Investors Date
Seed Round $9.90M 5 30 Jan 2025

Latest News of Cedar Money

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No recent news or press coverage available for Cedar Money.

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