Global: Cedar Money Raises $9.9 Million in Seed Funding to Transform Global Business Payments

Cedar Money, a fintech innovator specializing in cross-border transactions through stablecoins, has secured $9.9 million in a seed funding round. The round was led by QED Investors, with additional backing from North Island Ventures, Wischoff Ventures, Lattice, and Stellar.

This new capital will drive Cedar Money’s mission to overhaul international business payments by harnessing advanced blockchain technology. The company is focused on offering fast, secure, and cost-effective payment solutions that bypass the limitations of traditional banking systems.

Conventional banks often struggle with slow processing times, high fees, and cumbersome procedures, all of which can hinder global commerce. Cedar Money’s platform directly addresses these challenges, providing a modern alternative that improves financial accessibility and operational efficiency. By utilizing stablecoins, the firm offers near-instant settlement, lower transaction costs, and enhanced transparency, positioning itself as a disruptor in the cross-border payments arena.

With the fresh infusion of funds, Cedar Money plans to expand its payment infrastructure, strengthen its network of business clients, and accelerate innovation in digital financial services, paving the way for a more inclusive and streamlined global payments ecosystem.