Company
Businesses face high fees and slow settlements when using traditional cross-border payment methods, causing headaches and hindering growth and expansion.
With Cedar, businesses can navigate the complex financial systems of different countries and complete transactions quickly and efficiently, all while enjoying competitive and transparent exchange rates.
Global Transactions, Localized Experience
1
Create an account
Create a Cedar account and verify your identity to protect and secure your account
2
Choose a currency
Select your destination currency and country to send money to. Over 50 destination supported
3
Pick recipient
Input the accurate recipient information and we will do the rest
4
Pay Globally, Collect Locally
Pay and get paid seamlessly within your local market. Simplify transactions, boost efficiency, and keep your business flowing.
All Transactions are 100% Secure, Transparent and Compliant.
Payout to over 130 countries across the world
Send and receive large payments to merchants overseas from anywhere in Africa, at affordable rates and zero set-up fees.
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Our Partners
Our partners are the backbone of our operations, providing invaluable support, expertise, and resources to drive mutual success.
Your Questions Answered
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?
To open a new account, simply register here, or download Cedar Money App on your IOS or Google Play Store, and follow the on-screen instructions. You will need to provide some basic information about your business.
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.
Are there any requirements for transactions processed through Cedar?
Yes, all transactions processed through Cedar must be backed by an invoice. This requirement ensures transparency and compliance with international financial regulations.
How does Cedar assist importers in Nigeria, Ghana, Kenya, and Ivory Coast with foreign currency allocation?
Cedar specializes in providing consistent allocation of foreign exchange (FX) and facilitating cross-border payments for importers in these countries. This service ensures importers can quickly receive the full allocation of foreign currency needed to pay exporters worldwide, enhancing the efficiency of international trade.
What's involved in onboarding and KYC?
Onboarding and KYB involve a straightforward process beginning with signing up, inviting team members, and completing an onboarding form. Once approved, your account is ready for payouts. This ensures compliance with regulatory standards and secures a trustworthy platform for our clients.
Once I submit my onboarding materials, how long until they are reviewed?
After you submit your documents for verification, the review process typically takes 3 to 7 business days.
How do I open a new account?
Opening a new account with us involves a simple process: sign up, invite your team members, and fill out our onboarding form. Upon approval, your account will be activated, ready for use. This streamlined process ensures you can quickly start managing your finances with our platform.