Cedar Money, a cross-border stablecoin payments platform, has raised $9.9 million in a seed funding round led by QED Investors. The round also saw participation from North Island Ventures, Wischoff Ventures, Lattice, and Stella.
Founded in 2022, Cedar Money leverages blockchain technology and stablecoins to modernize international transactions, positioning itself as an alternative to traditional Swift and correspondent banking networks. While end users—both businesses and individuals—transact in fiat currencies, the platform utilizes stablecoins in the backend to enable faster, more efficient, and cost-effective cross-border payments.
Emphasizing a compliance-first approach, Cedar Money aims to seamlessly bridge the fiat and stablecoin ecosystems while adhering to global regulatory standards. This model is particularly beneficial for emerging markets, where access to efficient and secure financial services remains a challenge.
Commenting on the investment, QED Investors partner Gbenga Ajayi stated: “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.”
With this funding, Cedar Money plans to expand its infrastructure, strengthen regulatory partnerships, and accelerate the adoption of stablecoin-powered transactions worldwide.
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