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Cedar Money

by Cedar Money · Since 2022
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ActiveAvailable globallyCloud
Quick facts
VendorCedar Money
Year launched2022
StatusActive
Location405 Cameron Sreet, Alexandria, Virginia, 22314
Countries servedGlobal
Languages1
IntegrationsN/A
Free tierN/A
Free trialN/A
Contact salesYES

About Cedar Money

Cedar Money is a personal finance software from Cedar Money that assists users in managing their financial health. It combines budgeting tools, expense tracking, and financial goal setting so users can maintain control of their finances. Cedar Money offers features such as customizable budgeting templates, real-time expense notifications, and financial insights based on spending habits. This helps users make informed decisions about their money management. The platform is designed to be user-friendly, allowing individuals to easily navigate their financial data and set achievable financial goals. Key capabilities: budgeting tools expense tracking financial goal setting customizable templates real-time notifications Best for: individuals and families that need a comprehensive solution for personal finance management.

Cedar Money is an active B2B cross‑border payments platform designed to simplify international business transactions, particularly between developed and emerging markets. Launched in 2022 by MBD Finance Technology Ltd., it enables fast and secure global payouts to over 190 countries, offering competitive foreign exchange rates and transparent fee structures. One of Cedar’s key strengths is its stablecoin‑enabled infrastructure, which significantly accelerates settlement times—often completing transactions within T+1—reducing the delays and high costs typical of traditional banking systems. The platform also supports high-volume transactions of up to approximately $30 million, making it suitable for enterprise-level operations. Businesses can manage payments conveniently through a mobile app, while a developer API allows automation and integration into existing workflows. Security and compliance are central to Cedar Money’s offering, with multi-factor authentication and continuous monitoring to protect enterprise transactions and build trust. However, the platform’s public documentation provides limited information on pricing tiers, support options are not extensive, and there is no in-app marketplace for extensions.

Pros & Cons

Pros
  • Connects to multiple payment networks and supports international transactions efficiently
  • Processes payments at high volume daily limits, accommodating large enterprise transactions
  • Offers transparent and competitive foreign exchange rates to save costs
  • Ensures high-level security through multi-factor authentication and continuous monitoring
  • Simplifies business account verification with automated KYC onboarding
Cons
  • Transaction fees may vary depending on currency and region, potentially increasing costs
  • Settlement times can still take 1-5 working days depending on local banking systems
  • Some smaller countries or currencies may have delayed payouts due to banking networks
  • Business account setup requires identity verification which may take time
  • Requires familiarity with digital payment systems for smooth operation

Features

Key features

Cross-Border B2B Payments

Enables businesses to send and receive international payments quickly and securely

Stablecoin-Enabled Transfers

Uses regulated stablecoins to facilitate faster, cost-efficient, and transparent cross-border payments

High Volume Capabilities

Supports daily transaction limits up to $30,000,000, allowing large-scale business payments

Competitive FX Rates

Provides real-time, transparent foreign exchange rates to maximize savings

Security & Compliance

Continuous monitoring, multi-factor authentication, and regular audits ensure safe transactions

Real-Time Tracking

Dashboard and notifications provide visibility into payment status and history

Mobile App Management

iOS and Android apps allow businesses to manage payments anytime, anywhere

Additional features

Global Payouts & Collections

Send and receive funds across 190+ countries with local currency support

Mobile App

Manage business payments and monitor transactions on iOS and Android devices

Developer API

Automate payments, integrate with business workflows, and access reporting tools

Business Account Onboarding

Streamlined KYC and account verification process for businesses

Payment Dashboard

Centralized view of all transactions for monitoring and reporting

Multi-Currency Support

Handles multiple currencies for global payments

High-Liquidity Transfers

Ensures sufficient liquidity for large-scale payments

Competitive FX Rates

Transparent exchange rates updated in real-time

Secure Transactions

End-to-end security protocols protect payments and data

Local Collection Support

Ability to collect payments in regional currencies efficiently

Pricing

Free trial
Free version
Request a quote
Promo Offer

Countries & Languages

Global
Countries served
1
Interface languages
6
Billing currencies

Interface languages

English

Billing currencies

🇺🇸USD🇪🇺EUR🇬🇧GBP🇳🇬NGN🇰🇪KES🇸🇳XOF

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