# Cedar Money

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cedar-money

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.cedar.money
- Total disclosed funding: $9.9M
- Latest round: Seed (Jan 30, 2025)
- Investors on record: 5

## About

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. Cedar Money raised USD 9.9 mn in Seed funding, led by QED Investors, along with Lattice Capital Management, North Island Ventures, Stellar Development Foundation, and Wischoff Ventures. 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.

In January 2025, Cedar Money raised USD 9.9 mn in Seed funding, which will be utilized to enhance its payment infrastructure and extend its market reach. 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. This funding will support these initiatives, enabling Cedar to build a more robust platform and improve service delivery for its clients.

## Funding rounds

- Seed, Jan 30, 2025, $9.9M — QED Investors, North Island Ventures, Stellar Development Foundation, Lattice Capital Management, Wischoff Ventures

## Investors

- QED Investors (https://capitalatlas.ai/funds/qed-investors) — Seed
- North Island Ventures (https://capitalatlas.ai/funds/north-island-ventures) — Seed
- Stellar Development Foundation — Seed
- Lattice Capital Management (https://capitalatlas.ai/funds/lattice-capital-management) — Seed
- Wischoff Ventures (https://capitalatlas.ai/funds/wischoff-ventures) — Seed