Cedar Money, a payments company leveraging stablecoins to facilitate seamless cross-border transactions, has secured $9.9 million in a seed funding round led by QED Investors. Other participants include North Island Ventures, Wischoff Ventures, Lattice, and Stellar. The funding will accelerate Cedar Money’s efforts to enhance business payment solutions and streamline international money flows using advanced financial infrastructure.
Cedar Money’s platform is designed to overcome the inefficiencies of traditional banking networks, which are often slow, costly, and complex. By integrating blockchain technology with a user-friendly fiat-based interface, the company offers businesses a more reliable and cost-effective alternative for cross-border transactions between developed and emerging markets.
CEO Benjy Feinberg emphasized the company’s commitment to building trust and delivering an elite user experience. “The funding underscores the urgency for innovative payment solutions in a world where businesses face significant barriers in moving money across borders,” he said. “We’re proud to partner with forward-thinking investors like QED, who share our vision of creating a truly global and inclusive financial ecosystem.”
Since its launch in 2022, Cedar Money has gained traction in regions where traditional banking infrastructure remains inefficient or inaccessible. The platform prioritizes compliance, ensuring that its payment solutions bridge the gap between fiat and stablecoins while adhering to global financial regulations.
The investment comes at a time when stablecoins are becoming increasingly central to global financial transactions. A 2024 report by Chainalysis revealed that stablecoins account for 60–80% of market share in merchant services across various regions, underscoring their growing adoption in business payments.
Additionally, ongoing discussions around digital currencies—heightened by recent U.S. political developments—have further amplified the need for efficient and compliant cross-border payment solutions.
QED Investors Partner Gbenga Ajayi highlighted Cedar Money’s role in reshaping global finance. “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 financial system,” he said.
With this funding, Cedar Money aims to expand its impact, offering businesses a modernized, secure, and efficient way to move money globally.
