Exciting news! 🎉

Cedar Money has secured a $9.9M seed round, led by QED Investors, in participation with North Island Ventures, Wischoff Ventures, Lattice and Stellar Development Foundation.

Our platform addresses the challenges of the correspondent banking network, a system dating back to the 1970s that has resulted in slow, expensive and complex processes, creating barriers for businesses. We leverage stablecoins to deliver faster, more reliable and cost-effective cross-border payments between developed and emerging markets. By integrating blockchain technology on the backend with a user-friendly, familiar fiat-based interface, we offers businesses a seamless and compliant payment solution.

This funding represents more than growth - it's underscores the urgency for innovative payment solutions in a world where businesses face significant barriers in moving money across borders, and aligns perfectly with the positive momentum in the digital asset ecosystem, as businesses and governments alike recognise the transformative potential of stablecoins in enhancing cross-border money flows.

To our dedicated team, valued partners, and trusted clients - this is just the beginning! Thank you for sharing in our vision. Together, we're building the future of payments.

Discover how we’re transforming cross-border payments. Visit the link in bio now.

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