Cedar
B2B Payments
Bridging Borders, Banking Futures: Global Payments Reimagined for Emerging Markets
Founders
Benjy Feinberg (Founder & CEO)
Launch Date
2022
Key Investors
QED Investors
North Island Ventures
Wischoff Ventures
Lattice
Stellar
About
Cedar Money revolutionizes cross-border payments by combining stablecoin and fiat mechanisms to replace outdated SWIFT systems. Founded in 2022, this fintech platform specializes in emerging markets, particularly Africa, offering T+1 settlements, transparent fees, and high-volume transaction capabilities (up to $30M). With operations in Nigeria, Kenya, and Ivory Coast, Cedar enables seamless currency conversion, real-time tracking, and secure transactions across 130+ countries, bridging the gap between emerging and developed markets with blockchain and traditional payment rails.
$3M
daily liquidity available
21%
monthly growth in TPV
Use Cases
- Cross-Border African Export Business - African exporters can receive payments from global clients in 130+ currencies at competitive rates, with high transaction limits up to $30M and secure T+1 settlements.
- International Business Procurement - Companies can generate virtual USD cards with customized spending limits for different departments to pay international suppliers while maintaining centralized expense tracking.
- Multi-Currency Business Payouts - Businesses can send high-volume payments to global merchants in various currencies including NGN, KES, XOF with zero setup fees and transparent exchange rates.
- Global Freelancer Payment Solution - Freelancers and businesses working with international clients can receive payments in preferred currencies with enhanced security features and seamless transaction processing.
Stablecoin-Powered Payment Solutions
- Cedar utilizes regulated stablecoins to improve the speed and efficiency of international money transfers
- The platform combines blockchain and traditional rails to adapt to global payment needs
- Cedar's platform is designed for the impending stablecoin inflection point in global payments
- Stablecoins facilitate faster, cheaper, and more secure payments
- Cedar leverages stablecoins to facilitate faster, cheaper, and more secure payments
Streamlined Cross-Border Transactions for Emerging Markets
- Cedar focuses on high-volume, dollar-scarce underdeveloped markets like Africa
- The platform enables businesses to send high-volume payments to international suppliers at affordable rates and with zero set-up fees
- Cedar offers T+1 settlement for USD collections
- Cedar allows customers in underdeveloped markets to settle payments in local currencies
- Cedar helps exporters collect and disburse funds in African currencies, reducing transaction fees and offering quick settlement times
Trusted by
QED, North Island, L2
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