Cedar Money

Cedar Money connects African businesses with international counterparties through stablecoins and digital banking systems. It handles importer payments, export revenue collection, FX and treasury processes, with payout to the counterparty's bank account.

Services Four services are listed: stablecoin cross-border payments, FX, collections and treasury. For an importer this means paying a foreign supplier without a long chain of correspondent banks, and for an exporter it means receiving revenue in a form that can be converted and sent to a local account.

Settlement Settlement is usually T+1. For some revenue collections, the website gives T+1 to T+2.

Licensing and markets Cedar Money lists the United States and Canada as its markets and cites registration as a FinCEN money services business (MSB), number 31000310586703. Its clients are businesses and banks, the service language is English, and API documentation is published.

Terms to clarify Fees, FX spreads and the list of supported African corridors are not given and should be requested from the company.