January 30, 2025
Cedar Money, a fintech platform focused on cross-border payments, has completed a $9.9 million seed funding round. The round was led by QED Investors, with additional contributions from North Island Ventures, Wischoff Ventures, Lattice, and Stellar Development Foundation. The company aims to address the limitations of the traditional correspondent banking network, which has been in place since the 1970s and is often slow, expensive, and complex. Cedar Money seeks to modernize this system by using stablecoins to provide a more efficient solution for global transactions.
The platform integrates blockchain technology behind a fiat-based interface to enable businesses to make cross-border payments quickly and at a lower cost. By leveraging stablecoins, Cedar Money aims to bridge the gap between developed and emerging markets, providing a compliant and user-friendly option for businesses that rely on international transactions. This funding round follows the growing trend of businesses and governments recognizing the role of stablecoins in facilitating smoother money flows across borders.
Cedar Money's use of blockchain technology positions the company as a key player in addressing the growing demand for better payment solutions in global markets. The investment underscores the increasing recognition of digital assets in enhancing the efficiency and speed of international money transfers. The company’s plans moving forward include expanding its offerings to further address the barriers faced by businesses when managing cross-border payments.
About Cedar Money
Cedar Money is a fintech company providing solutions for cross-border payments using stablecoins and blockchain technology. It offers businesses alternative to traditional banking systems, which have long been inefficient for international transactions. Cedar Money’s platform supports both developed and emerging markets, ensuring compliance while simplifying global payment processes.
Website: https://www.cedar.money/
X: @cedar_money
About Investor
QED Investors
QED Investors is a venture capital firm specializing in high-growth investments across a variety of sectors, including fintech. The firm focuses on early to growth-stage companies that have the potential to transform industries and markets, with a notable interest in financial services and digital assets.
Location: Alexandria, Virginia
Website: https://www.qedinvestors.com/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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