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Cedar Money

Cedar revolutionizes global business payments by providing fast, seamless, and secure solutions. Our platform integrates multiple regulated financial institutions, transforming international transactions into local experiences. We offer competitive FX rates, rapid T+1 settlements, and personalized services, ensuring efficient and cost-effective cross-border transactions. Also equipped with the ability to pay high-volume transactions (up to $30,000,000), Cedar helps businesses in Africa navigate complex financial systems, enhancing customer trust with timely, secure payments in preferred currencies. We were founded in 2022 by a team of Israeli finance and technology experts, with vast experience contributing to companies like Stealth Wealth, Rentigo (Qira), Behalf and Simplex (Nuvei). Currently, we are LIVE in Nigeria, Kenya, and the Ivory Coast, with the ability to payout in over 130+ international countries across the globe. To learn more, visit www.cedar.money today.

Growth Trajectory

Cedar aims to expand further into African and global markets, focusing on simplifying cross-border payments and expanding currency support, while also leveraging stablecoins. The company is investing in mobile payment solutions and partnerships with financial institutions to broaden its service offerings and raised $9.9M seed to simplify high-volume cross border payments.

Technical Challenges

Adapting to evolving cybersecurity landscape
Ensuring secure and compliant payment platform
Integrating with existing financial systems

Tech Stack

Cedar Money App (iOS and Android)API integrationStablecoins

Team Size

Key Risks

Adapting to the evolving cybersecurity landscape and mitigating potential threats.
Navigating complex regulatory environments and ensuring compliance in various jurisdictions.
Managing potential dollar scarcity and its impact on cross-border transactions.
Maintaining the security and confidentiality of user data in compliance with global privacy regulations.
Reliance on third-party financial institutions for fund handling presents potential risks if those partnerships are disrupted.

Opportunities

Further integration of stablecoins to enhance payment solutions and reduce transaction fees.
Expansion of virtual card offerings and mobile payment solutions to cater to diverse business needs.
Extending partnerships in Africa and other regions to increase market reach.
Developing advanced rate prediction algorithms to provide better exchange rates for customers.
Leveraging data analysis to improve website services and user experience.
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