Cedar Money is a payment platform that facilitates high-volume cross-border transactions for businesses, utilizing real-time exchange rates and advanced fraud detection mechanisms. It addresses the challenges of high fees and slow settlements associated with traditional payment methods, enabling efficient and cost-effective global payments.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional cross-border payment methods often involve high fees and slow settlement times, creating challenges for businesses engaged in international transactions. Navigating the complexities of different financial systems can be cumbersome and costly, hindering growth and expansion.
Solution
Cedar Money is a payment platform designed to streamline high-volume cross-border transactions for businesses, offering competitive exchange rates and efficient processing. The platform enables businesses to send and receive payments globally, with payouts supported in over 130 countries. Cedar Money facilitates transactions through its partners, which are regulated financial institutions, ensuring secure and compliant payment processing.
Target Audience
Cedar Money primarily targets businesses that require efficient and cost-effective solutions for high-volume cross-border payments.
Features
- Access to competitive, real-time FX rates 24/7
- High-volume transaction capabilities, with daily limits up to $30,000,000
- Payouts supported in over 130 countries
- Mobile app available for both Apple and Android devices
- Continuous monitoring, regular audits, and multi-factor authentication for enhanced security