Cedar

Company Overview

Snapshot

Founded in January 2022 by Benjy Feinberg, Cedar operates with 11–50 employees. The company has raised $9.9 million across one funding round from three investors, with QED Investors participating. In January 2025, Cedar secured a seed funding round to enhance its cross-border B2B payment solutions.

Business overview

Cedar provides solutions for global business payments, focusing on speed, security, and cost-effectiveness. The company integrates multiple financial institutions to facilitate smooth cross-border transactions, offering competitive exchange rates and rapid settlements. Cedar supports high-volume payments up to $30 million, primarily assisting businesses in Africa with efficient financial management. Operating in Nigeria, Kenya, and Ivory Coast, Cedar offers payout capabilities in over 130 countries within the Fintech & Insurtech sector.

Company Intelligence Q&A

When was Cedar founded and by whom?

Cedar was founded in January 2022 by Benjy Feinberg.

What is Cedar's primary focus in the market?

Cedar simplifies global business payments, offering fast, secure, and cost-effective solutions for cross-border transactions, particularly for businesses in Africa.

What was a significant funding event for Cedar?

In January 2025, Cedar raised seed funding with participation from QED Investors.

In which countries does Cedar primarily operate?

Cedar operates in Nigeria, Kenya, and Ivory Coast, with payout capabilities extending to over 130 countries globally.

What is Cedar's core product offering?

Cedar's core product facilitates smooth cross-border transactions by integrating multiple financial institutions, providing competitive exchange rates and quick settlements for high-volume business payments.