Noah has closed a $38m seed funding round, the UK stablecoin infrastructure startup said today, after adding an extra $16m to the $22m seed raise it announced last year.
The company said its initial $22m seed was backed by investors including LocalGlobe and Felix Capital, with angel participants such as Palantir co-founder Joe Lonsdale and Unity Technologies co-founder David Helgason.
It completed the round after receiving an additional $16m from Endeit Capital, FJ Labs, LocalGlobe, Felix Capital and other investors.
Noah’s infrastructure and market reach
Noah provides payment infrastructure that connects fiat money with stablecoins. Its API-based technology enables companies to embed stablecoin payment capabilities into their operations. The startup is live in more than 150 markets and supports over 60 currencies.
Planned US expansion
The funding will support Noah’s US expansion, including a new office in New York, and help scale its infrastructure. Noah was founded by ex-Visa and ex-Adyen executives.
Shah Ramezani, co-founder and CEO of Noah, said: “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.”
