London-based stablecoin infrastructure provider Noah has wrapped up a $38m seed funding round, the company announced today. The completion came after the firm secured an extra $16m from backers including Endeit Capital, FJ Labs, LocalGlobe and Felix Capital, alongside other investors.
Noah, which was established in 2020, had previously disclosed a $22m seed round last year supported by LocalGlobe and Felix Capital, with notable angel investors including Joe Lonsdale, co-founder of Palantir, and David Helgason, co-founder of gaming studio Unity Technologies.
The company operates a payment infrastructure layer that bridges traditional fiat currencies with stablecoins. Its API-driven platform enables businesses to integrate stablecoin payment functionality directly into their systems. Currently operational across more than 150 markets, Noah's technology handles transactions in over 60 different currencies.
Capital from this round will fuel Noah's expansion into the United States, including the establishment of a new office in New York, while also supporting broader infrastructure scaling efforts. The startup was founded by veterans from Visa and Adyen.
Noah is building the infrastructure that will make one-click international transactions possible everywhere, with full compliance at both the origination and destination of funds. Just as neobanks have revolutionised domestic banking, we want to redefine global money transfer markets.
Shah Ramezani, co-founder and CEO of Noah
Source: Tech.eu
