- Raised $9.9M Seed round led by QED Investors, Dec 2024
About
Cedar Money is a financial technology company revolutionizing cross-border payments from emerging markets. Founded in 2022, the company set out to fix the problem of slow, costly, and fragmented global payments for businesses, especially between Africa and the rest of the world. By combining stablecoin with fiat rails, Cedar has built a faster, more reliable, and cost-effective way for businesses to move money internationally. The platform provides cross-border payment infrastructure that helps businesses transact globally with faster settlements, efficient FX, and seamless money movement. Cedar also provides a two-factor authentication solution for business accounts. Today, Cedar has a diverse team across Canada, the U.S., Israel, Serbia, and Nigeria; backed by 7+ investors led by QED Investors, and registered as a Money Services Business with FinCEN in the United States, with FINTRAC in Canada and as a Payment Services Provider with the Bank of Canada.
Funding history · 1 round · $9.9M total
Headcount over time
Q&A
- What is Cedar's primary business activity?
- Cedar simplifies global business payments by providing fast, secure, and cost-effective solutions for cross-border transactions, particularly for businesses in Africa.
- When was Cedar founded?
- Cedar was founded in January 2022.
- How much funding has Cedar raised to date?
- Cedar has raised a total of $9.9 million in funding.
- Which investors participated in Cedar's most recent funding round?
- In January 2025, Cedar raised funding from investors including QED Investors.
- What is Cedar's current employee count?
- Cedar has an employee count in the 11-50 range.
- In which countries does Cedar operate?
- Cedar operates in Nigeria, Kenya, and Ivory Coast, with payout capabilities in over 130 countries.
- What is Cedar's primary sector classification?
- Cedar's primary sector is Fintech & Insurtech.
- What are the key features of Cedar's payment solutions?
- Cedar's solutions integrate multiple financial institutions to enable smooth cross-border transactions with competitive exchange rates and quick settlements, supporting high-volume payments up to $30 million.
Team · 1
Sectors & technology
Tags
Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)
External links
| Website | cedar.money |
|---|---|
| linkedin.com/company/92718409 | |
| facebook.com/profile.php?id=100094345650211 |
Identifiers & details
| Legal name | MBD Finance Technology Ltd. (DBA Cedar) |
|---|---|
| Founded | 2022 |
| Employees (exact) | 23 |
| Offices | Lagos; United Kingdom; New York; Alexandria |
Radar intelligence
Open jobs — ashby
| Total open | 3 |
|---|---|
| Remote | 3 |
| Title | Location | Department |
|---|---|---|
| Head of Transaction Support and Admin | ||
| Sales Lead, National Partnerships & Mortgage Originators | ||
| Cedar Home Advisor |
Patents
| EPO | 1636 |
|---|
Publications (Crossref)
| Works | 10 |
|---|
GitHub
| Top repos | cedar, plugins, juniper |
|---|
Web history (Wayback)
| Domain | cedar.money |
|---|
Certificate / subdomain footprint
| Subdomains | 42 |
|---|
Israeli Companies Registrar (רשם החברות / ICA)
| Registrar # (ח.פ.) | 516634151 |
|---|---|
| Status | פעילה |
| Corp type | ישראלית חברה פרטית |
| Incorporated | 2022-06-21 |
| Purpose | לעסוק בכל עיסוק חוקי |
| Liability | מוגבלת |
| In violation (unfiled) | no |
| Last annual report | 2025 |
| Active charges / liens | 0 |
| Registry events | 1 — annual_report (1) |
| Registered address | דרך בגין 150 תל אביב - יפו |
Recent registry events
| Date | Event |
|---|---|
| 2025-08-24 | דו~ח שנתי-הוספת בעל תפקיד |