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. When integrated with user-friendly platforms like Cedar Money, Stablecoins can revolutionize global B2B transactions. 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. Cedar understands the problems African businesses face and hence can facilitate a much smoother collection process.

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.

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Customised financial solutions to power business growth in every sector

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

Global Retail Traders

If you operate in agriculture, consumer goods, manufacturing, or technology and rely on global suppliers, Cedar enables you to make cross-border payments within 24 hours, without inflated FX costs so your supply chain stays uninterrupted and your business continues to grow.

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Commerce Platforms and Global Enterprises

If you operate a digital commerce platform or manage enterprise-scale payment operations, Cedar supports complex payment workflows by enabling high-volume bulk payouts, automated collections, and integrated FX hold capabilities, so you can scale efficiently across borders with confidence.

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