Noah completes US$38 million seed funding for US expansion
The UK stablecoin infrastructure startup has raised another US$16 million and will open a New York office as part of its expansion.
UK startup Noah said an additional US$16 million investment had brought its completed seed funding round to US$38 million. The money will finance expansion in the US, including an office in New York, and help the company increase the scale of its payment infrastructure.
Endeit Capital and FJ Labs participated in the latest investment, as did LocalGlobe, Felix Capital and other investors. An earlier US$22 million seed investment included backing from LocalGlobe and Felix Capital, plus Palantir co-founder Joe Lonsdale and Unity Technologies co-founder David Helgason.
Established in 2020 by former executives from Visa and Adyen, Noah links fiat money and stablecoins. Businesses can use its API-based infrastructure to incorporate stablecoin payments. The company says its service covers more than 150 markets, with support for over 60 currencies.
Co-founder and chief executive Shah Ramezani said the company aims to make international transfers possible with one click while ensuring compliance where money is sent and received.
