Company Overview
Snapshot
Founded in January 2022 by Benjy Feinberg, Cedar operates with 11–50 employees. The company has successfully raised $9.9 million across one funding round from three investors, with QED Investors notably leading the Seed round in January 2025.
Business overview
Cedar provides solutions for global business payments, focusing on fast, secure, and cost-effective cross-border transactions. Its core technology integrates multiple financial institutions to facilitate smooth international payments, offering competitive exchange rates and rapid settlements. The company supports high-volume payments up to $30 million, primarily assisting businesses in Africa with efficient financial management. Cedar operates within the Fintech & Insurtech sector, specifically in Money Transfer & Management, serving both financial institutions and consumers.
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- When was Cedar founded?
- Cedar was founded in January 2022 by Benjy Feinberg.
- What is Cedar's primary focus?
- Cedar simplifies global business payments by providing fast, secure, and cost-effective solutions for cross-border transactions, particularly for businesses in Africa.
- How much capital has Cedar raised?
- Cedar has raised $9.9 million across one funding round.
- Which investors participated in Cedar's Seed round?
- In January 2025, Cedar secured Seed funding from investors including QED Investors.
- Where does Cedar operate?
- Cedar operates in Nigeria, Kenya, and Ivory Coast, with payout capabilities in over 130 countries. The company also has offices in Tel Aviv-Jaffa, Lagos, London, New York, and Alexandria.