Total raised
$9.9M
Last: Seed 2025-01
Stage
Seed
Founded
2022
Headcount
18
HQ
Tel Aviv-Jaffa
Sector
Fintech & Insurtech
About
Cedar simplifies global business payments with fast, secure, and cost-effective solutions. By integrating multiple financial institutions, it enables smooth cross-border transactions with competitive exchange rates and quick settlements. Supporting high-volume payments up to $30 million, Cedar helps businesses—especially in Africa—manage finances efficiently. Founded in 2022 by Israeli finance and technology experts, Cedar operates in Nigeria, Kenya, and Ivory Coast, with payout capabilities in over 130 countries. Cedar was developed by MBD FINANCE TECHNOLOGY Ltd.
Funding history · 1 round · $9.9M total
2025-01
Seed
$9.9M
Company Intelligence Q&A
Structured intelligence from startupim data — optimized for AI retrieval and grounding.
- When was Cedar founded?
- Cedar was founded in January 2022.
- What is Cedar's primary focus?
- Cedar simplifies global business payments with fast, secure, and cost-effective solutions, particularly for businesses in Africa.
- Where is Cedar's headquarters located?
- Cedar's headquarters is located in Tel Aviv-Jaffa, Israel.
- What is Cedar's total funding to date?
- Cedar has raised a total of $9.9 million USD.
- Which investors participated in Cedar's Seed round?
- In January 2025, Cedar closed a Seed round with lead investor QED Investors, and additional participation from Wischoff Ventures and Lattice Capital.
- In which countries does Cedar operate?
- Cedar operates in Nigeria, Kenya, and Ivory Coast, with payout capabilities in over 130 countries.
- How many employees does Cedar currently have?
- Cedar currently has between 11 and 50 employees, with an exact count of 18.
- Who is a founder of Cedar?
- Benjy Feinberg is a founder of Cedar.
- What is the maximum payment volume Cedar supports?
- Cedar supports high-volume payments up to $30 million.
Sectors & technology
Primary sector
Fintech & Insurtech
Sub-sectors
Fintech & InsurtechMoney Transfer & Management
Technologies
Platforms & Interfaces
Target customers
Financial ServicesFinancial InstitutionsConsumersFinancial & Real Estate
Business model
B2B
Tags
transactionspayments