Cedar Money Raises $9.9M in Seed Funding
Summary
Cedar Money, a NYC-based payments company that enables seamless cross-border money movement on stablecoins, raised $9.9M in Seed funding. The round was led by QED Investors, with participation from North Island Ventures, Wischoff Ventures, Lattice, and Stellar. The company intends to use the funds to expand operations and its development efforts. Led by CEO Benjy Feinberg, Cedar Money leverages stablecoins to enable money movement across geographies and bridge gaps between emerging and developed markets, ensuring compliant and secure transactions for businesses worldwide.
Classifications
industries
No industries detected
applications
No applications detected
AskAI Classifications
Labels
No AI classifications detected