Cedar Money Gets $9.9m for Cross-Border Stablecoin Payments

By Dipo Olowookere

About $9.9 million was recently secured by Cedar Money from investors led by QED Investors to enable cross-border stablecoin payments.

The money would be used specifically to accelerate the transformation of international money flows through cutting-edge payment infrastructure.

Cedar Money is a payments company that enables seamless cross-border money movement on stablecoins.

Other investors who participated in the $9.9 million seed round were North Island Ventures, Wischoff Ventures, Lattice, and Stellar.

Since its inception, Cedar Money’s tools have proven particularly impactful in regions where traditional payment systems are cumbersome, costly or inaccessible.

With its compliance-first approach, Cedar Money bridges the fiat and stablecoin worlds, ensuring secure and regulated money movement globally.

“The funding underscores the urgency for innovative payment solutions in a world where businesses face significant barriers in moving money across borders.

“We’re proud to partner with forward-thinking investors like QED who share our vision of creating a truly global and inclusive financial ecosystem.

“Cedar Money’s approach aligns perfectly with the positive momentum in the digital asset ecosystem, as businesses and governments alike recognize the transformative potential of stablecoins in enhancing cross-border money flows,” the chief executive of Cedar Money, Benjy Feinberg, said.

Also commenting, a partner at QED Investors, Mr Gbenga Ajayi, said, “Cedar Money’s innovative platform is not just transforming cross-border payments, it’s creating a new paradigm in global finance.

“By leveraging stablecoin technology while maintaining a fully compliant and fiat-aligned user experience, Cedar Money is uniquely positioned to tackle the inefficiencies of the global financial system. We’re thrilled to support their journey.”