Cedar
Since
2022
About
Empowering global transactions with low-cost, lightning-fast settlements.
Cedar, founded in 2022 by Israeli finance and tech experts, transforms global business payments by offering fast, secure, and seamless cross-border solutions. Live in Nigeria, Kenya, and Ivory Coast, it supports high-volume transactions up to $30M, competitive FX rates, and T+1 settlements, enabling businesses in 130+ countries to navigate complex financial systems with trust and efficiency. Visit cedar.money.
Use Cases
Cross-Border Payment Facilitation
Businesses use Cedar to send and receive large international payments quicklyand securely with competitive FX rates.
Global Exporter Payment Management
Exporters leverage Cedar to collect payments and disburse funds in local Africancurrencies smoothly and efficiently.
High-Volume Transaction Handling
Financial teams utilize Cedar to manage daily large value transactions up to$30M, ensuring liquidity and compliance.
Mobile Payment Management
Business owners use the Cedar Money App to manage, track, and authorizecross-border transactions anytime, anywhere.
Key Features
Stablecoin Payment Solutions
- Cedar Money simplifies cross-border B2B payments using stablecoins, enablingbusinesses to receive funds quickly and securely.
- The platform uses a combination of regulated stablecoins and fiat mechanismsto improve the outdated SWIFT and correspondent banking network.
- Cedar Money leverages stablecoins to facilitate faster, cheaper, and moresecure payments.
- Cedar Money raised $9.9 million in seed funding to support the growth of itspayments software that uses stablecoins to facilitate cross-border payments.
- Cedar Money's platform adapts to global payment needs using both blockchainand traditional rails, making cross-border transactions simple, scalable, andsecure.
Benefits for Emerging Markets
- Cedar Money addresses the complexities of payments in underdeveloped markets,bridging gaps and enabling efficient money flow between emerging and developedmarkets.
- The platform is purpose-built for emerging markets like Africa, focusing onhigh-volume, dollar-scarce regions.
- Cedar Money helps businesses in Africa accept and send money globally.
- Cedar Money streamlines cross-border payments, making it easier for exporters to collect and disburse funds in African currencies.
- Cedar Money bypasses the limitations of legacy banking and leverages adual-rail system to scale beyond Africa, taking a forward-looking approach to regulatory and market challenges.
Benjy Feinberg (Founder
CEO)
Headquarters
🇺🇸 New York, NY
Website
cedar.money
30M
daily high-volume transaction limit
9.9M
seed funding raised in USD
