Cedar Money builds a payments bridge that lets businesses transact on a fiat-facing site while stablecoin transfers run in the background to move funds across borders. The company focuses on import/export businesses in emerging markets—initially launching operations in Nigeria early 2024—to simplify underwriting with bona fide invoices and physical-commodity-backed transactions. Cedar Money says it processes tens of millions in monthly transaction volume and has a 14-person team across Nigeria, the U.S., Israel, and Serbia. Founder and CEO Benjy Feinberg, who started the company in 2022 after nearly a decade at Behalf, intends to scale the payment infrastructure and tackle inefficiencies in international payments. A major part of Cedar’s strategy is building the compliance rails to meet diverse regulatory and banking documentation requirements across countries. The startup emphasizes that winning will depend on scaling globally while navigating complex compliance in underserved regions.

Total raised

$10M

Funding rounds

1

Latest round

Seed

Latest activity

Jan 2025