Cedar Money

Cedar Money is a B2B cross-border payments platform for African businesses paying international suppliers and for global exporters collecting payments from African markets.

Key capabilities include:

• Send high-volume international payouts to 190+ countries, with transactions typically taking 1 to 5 working days (T&Cs apply) and a stated up to $30,000,000 daily limit.
• Receive payments from Africa in local currencies, with most collections processed within 24 hours (T+1 settlements) and paid out to bank accounts.
• Hold and manage multi-currency balances, including USD, EUR, GBP, and African currencies, with 24/7 FX rates.
• Virtual cards for business spending, alongside real-time tracking and account protection features such as multi-factor authentication, continuous monitoring, and regular audits.

Available on Web, Android, and iOS.

It targets businesses in African markets such as Nigeria, Kenya, Ghana, and Ivory Coast, plus exporters in regions like the US, UK, and China that need to collect and disburse funds in African currencies.

Cedar Money is notable in the African B2B payments landscape for its stablecoin-based payment orchestration model, stated high daily payout limits, and free platform access (no subscription or set-up fees; transaction costs are reflected in FX). It is registered as an MSB with FinCEN (Registration No. 31000310586703) and FINTRAC (Registration No. C100000878), and it works with third-party regulated financial institutions to facilitate financial services.