Noah said it has raised $38 million in a seed funding round, with participation from Endeit Capital, FJ Labs, LocalGlobe, Felix Capital and several angel investors. The company focuses on cross-border payment services built on stablecoins for both businesses and individual users. According to the announcement, the fresh capital will be used to expand its international remittance business and broaden its regulatory footprint. The update was reported by Odaily. No additional financing terms were disclosed in the source. The announcement centers on Noah’s effort to scale payment infrastructure tied to stablecoin settlement while advancing work tied to compliance and market expansion.
Noah has raised $38 million in a seed round, according to Odaily. Investors in the round included Endeit Capital, FJ Labs, LocalGlobe, Felix Capital and several angel investors.
The company’s core business is cross-border payment services based on stablecoins for businesses and individual users. Noah said the new funding will be used to expand its international remittance business and widen its regulatory footprint.
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