What Currencies Does Cedar Money Support?

Cedar supports a variety of currencies, including USD, EUR, GBP, and many African currencies.

What Is The Cost of Using Cedar Money?

Using the Cedar platform is free and there are no subscription or set-up fees, however, transaction fees apply, which are reflected in the FX cost.

How Long Does It Take to Receive Payments from Africa?

Cedar offers fast payment processing, with most payments being processed within 24 hours (T+1 settlements).

How Do I Open a New Account?

You can open a new account by visiting https://app.cedar.money/auth/register

What Does the Onboarding and KYC Process Entail?

The onboarding and KYC process involves verifying your business identity and ensuring they comply with regulatory requirements. This may include providing documents such as your Certificate of Incorporation, National ID, Proof of Business Address, etc.

What are Stablecoins, and how do they work in Cross-border Payments?

Stablecoins are digital assets pegged to a stable asset like the US dollar. They empower businesses to bypass traditional inefficiencies in cross-border payments, offering speed, cost savings, and reliability. Cedar leverages stable coins to facilitate faster, cheaper, and more secure payments.

How does Cedar Money assist Exporters in the US, UK, China, and Globally, with Foreign Currency Collection in Africa?

Cedar streamlines cross-border payments, making it easier for exporters to collect and disburse funds in African currencies. With Cedar, you can receive payments from African businesses directly into your bank account, eliminating the need for complex banking procedures, reducing transaction fees as well as offering quick T+1-T+2 settlement time.

What Is The Timeline for Reviewing My Onboarding Documents Once They are Submitted?

We strive to review and process onboarding applications as quickly as possible. Typically, the review process takes 2-7 business days.

Accept African Payments, Get USD in 24hrs

Why businesses choose Cedar collections

Built for businesses that sell into Africa

Accept local currency payments, receive USD

Experience reliable payment processing solutions that keep you and your customers satisfied, avoiding expensive service interruptions.

T+1 settlement

Traditional African collections can take 7-14 days (or longer). Cedar settles payments in under 24 hours, so you get paid faster and can reinvest capital immediately.

No more dollar shortages

Dollar scarcity in African markets often delays payments or forces deductions. Cedar's infrastructure eliminates this bottleneck, enabling your customers to pay locally while we handle the rest.

Transparent pricing

Know exactly what you're paying. No surprise deductions, no hidden FX markups. What you quote is what you receive.

Full compliance and audit trails

Every transaction is tracked, compliant, and auditable. Cedar handles KYC, AML screening, and regulatory reporting automatically.

Customised financial solutions to power business growth in every sector

Simplify your global collections, and streamline operations with Cedar’s cost-efficient solutions.

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EU and UAE Businesses

Sell anywhere in the world and collect payments with confidence. Get paid in USD, EUR, or AED without delays, or FX shortages.

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US/UK/CA Businesses

Get paid from anywhere in the world without the delays. Export confidently into Nigeria, Kenya, South Africa and other African countries. Cedar ensures your payments arrive in USD, GBP, or CAD securely and on time.

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Asia-Based Businesses

Collect payments from anywhere in the world securely. Cedar Money helps exporters across Asia - from Guangzhou to Hong Kong to Singapore - collect securely from African importers in USD, RMB, or SGD, without banking delays.

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