Cedar Money Secures $9.9 Million Seed Funding to Revolutionize Cross-Border Business Payments
Cedar Money, a fintech company specializing in seamless cross-border money movement via stablecoins, has announced a $9.9 million seed funding round. The investment was led by QED Investors, with additional participation from North Island Ventures, Wischoff Ventures, Lattice, and Stellar.
This funding will fuel Cedar Money’s mission to redefine international business payments by leveraging cutting-edge blockchain technology. The company focuses exclusively on providing fast, secure, and cost-effective payment solutions for businesses, eliminating the inefficiencies of traditional banking systems.
Legacy banking infrastructure often suffers from slow transaction speeds, high costs, and complex processes that hinder global commerce. Cedar Money’s platform directly addresses these challenges, offering an innovative alternative that enhances financial accessibility and efficiency. By utilizing stablecoins, the company ensures instant settlement, lower transaction fees, and greater transparency, positioning itself as a game-changer in the cross-border payments landscape.
With this new capital infusion, Cedar Money aims to expand its payment infrastructure, strengthen its network of business clients, and drive further innovation in digital financial services, ultimately facilitating a more inclusive and frictionless global payments ecosystem.
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