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QED seeds $9.9M in Cedar Money, a stablecoin payment platform | TechCrunch

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Summary
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80% Informative

Cedar Money , a U.S.-based fintech startup, recently closed $9.9 million in seed funding.

Founder Benjy Feinberg founded Cedar Money in 2022 after nearly a decade leading alternative financing provider Behalf.

Businesses across Africa , the Middle East , and South America need dollars to pay for imports, even when buying from China .

Cedar Money joins a growing list of players like Conduit and Caliza , which serve businesses in emerging markets with stablecoin-powered payments.

However, despite growing relevance, their collective share of the international payments remains small, so Cedar Money has no direct competition at this stage.

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