Cedar - About the company
Cedar is a seed company based in Tel Aviv (Israel), founded in 2020. It operates as a Cross-border money transfer solution for businesses. Cedar has raised $9.9M in funding from QED Investors. The company has 12 active competitors, including 7 funded and 3 that have exited. Its top competitors include companies like Payoneer, Airwallex and Tipalti.
Company Details
Cross-border money transfer solution for businesses. Enables businesses to transfer payments across borders with currency exchange rate solutions. Provides two-factor authentication solution for business accounts.
- Website
- Email ID
- @cedar.money
Cedar's funding and investors
Cedar has raised a total funding of $9.9M over 1 round. Its latest funding round was a Seed round on Jan 30, 2025 for $9.9M. 5 investors participated in its latest round, which includes QED Investors, Viola FinTech, Lattice Ventures and North Island Ventures.
Cedar has 6 institutional investors including QED Investors, and Lattice Ventures.
Here is the list of recent funding rounds of Cedar:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Jan 30, 2025 | $9.9M | Seed | 4898305 | 9542449 |
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Cedar's Competitors and alternates
Top competitors of Cedar include Payoneer, Airwallex and Tipalti. Here is the list of Top 10 competitors of Cedar, ranked by ÃØÃÜÑо¿Ëù score :
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Overall Rank | Company Details | Short Description | Total Funding | Investors | ÃØÃÜÑо¿Ëù Score |
|---|---|---|---|---|---|
1st | Payoneer 2005, New York City (United States), Public | Cross-border remittance solution for businesses | $269M | TCV, W Capital PartnersÌý&²¹³¾±è;Ìý | 83/100 |
2nd | Cross-border payment processing solution for businesses | $1.1B | Index Ventures, Sequoia CapitalÌý&²¹³¾±è;Ìý | 79/100 | |
3rd |  Tipalti 2010, Foster City (United States), Series F | Cloud-based procurement and invoice management solutions for businesses | $553M | Hercules Capital, Greenspring AssociatesÌý&²¹³¾±è;Ìý | 77/100 |
4th |  Rapyd 2016, London (United Kingdom), Series E | FinTech company that provides global payment solutions | $778M | BlackRock, Spark CapitalÌý&²¹³¾±è;Ìý | 75/100 |
5th | Developer of an online cross-border payments solution for businesses | $17M | QED Investors, Viola FinTechÌý&²¹³¾±è;Ìý | 60/100 | |
6th | Equiniti 2002, Lancing (United Kingdom), Acquired | Provider of financial technology and payment processing solutions | - | 57/100 | |
7th | Global payouts automation solutions provider for businesses | $12.1M | 49/100 | ||
8th | 2020, Tel Aviv (Israel), Seed | Cross-border money transfer solution for businesses | $9.9M | QED Investors, Viola FinTechÌý&²¹³¾±è;Ìý | 37/100 |
9th | GlobalCollect 1994, Mumbai (India), Acquired | Global payment processing solutions for e-commerce businesses | - | 38/100 | |
10th | Cross border money and forex service provider. | $1.5M | Group 11, Viola FinTechÌý&²¹³¾±è;Ìý | 32/100 |
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Cedar's Investments and acquisitions
Cedar has made no investments or acquisitions yet.
Reports related to Cedar
Here is the latest report on Cedar's sector:
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News related to Cedar
Media has covered Cedar for a total of 2 events in the last 1 year.
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