Cedar Money
Latest round
- Seed
Last raised
- Jan 2025
Total raised
- $9.9M
Investors
- 5
About Cedar Money
Founded in 2022, Cedar Money is focused on streamlining cross-border payments for businesses. The company is headquartered in New York, US, and has completed one deal to date, with its most recent deal occurring on January 30, 2025. The founder previously established other ventures but specific details are not disclosed. Cedar Money offers a platform designed to streamline cross-border payments, particularly focusing on the needs of businesses operating in underdeveloped markets such as Africa. Their core product integrates both blockchain technology and traditional financial systems, allowing for secure, scalable, and efficient transactions. Cedar supports a variety of currencies, including USD, EUR, GBP, and multiple African currencies, facilitating the movement of funds between businesses in emerging and developed markets. The company's services are specifically tailored to address the challenges of high-volume, dollar-scarce regions, enabling exporters to collect payments seamlessly while avoiding cumbersome banking procedures. Cedar’s solutions cater primarily to B2B transactions, targeting businesses that require reliable payment systems to manage their international transactions effectively. Cedar Money generates revenue through transaction fees associated with its payment processing services, which are reflected in the foreign exchange costs. The company processes tens of millions in total payment volume since its launch, indicating a growing client base that includes exporters and businesses engaged in international trade. The transaction structure involves B2B interactions where clients utilize Cedar's platform for collecting payments from foreign entities. High-value transactions are supported with up to USD 3 mn in daily liquidity, allowing clients to complete transactions quickly, typically within 24 hours. Cedar's commitment to transparency ensures that clients are aware of any applicable fees, thereby maintaining clarity in the cost of services. The company is focused on developing new products to better serve businesses in emerging markets, with plans to expand into additional African regions by the end of 2025.
Who invested in Cedar Money
5 investors across 1 round
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Funding rounds
Seed
Jan 30, 2025
Amount
$9.9M
Investors
Questions about Cedar Money
Who invested in Cedar Money?
Cedar Money has 5 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Cedar Money raised?
Cedar Money has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Cedar Money last raise money?
Cedar Money's most recent round on record is a Seed, in Jan 2025.
What does Cedar Money do?
Founded in 2022, Cedar Money is focused on streamlining cross-border payments for businesses.
Where is Cedar Money headquartered?
Cedar Money is headquartered in New York, US.
Which VCs invest in companies like Cedar Money?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at Cedar Money's stage. Their profiles are linked below.
VCs backing financial services startups at Seed
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