Stablecoin payment infrastructure company Noah has raised $38 million in a seed round, according to a report cited from Globenewswire. The round included participation from Endeit Capital, FJ Labs, LocalGlobe, Felix Capital, and several well-known angel investors. Noah said the fresh capital will be used to expand its international remittance business and broaden its regulatory footprint. The company provides cross-border payment services based on stablecoins for both businesses and individual users. The announcement outlines Noah’s focus on scaling remittance operations while building out compliance coverage in more jurisdictions.
Stablecoin payment infrastructure company Noah has completed a $38 million seed round, according to Globenewswire. Investors in the round included Endeit Capital, FJ Labs, LocalGlobe, Felix Capital, and several well-known angel investors.
Noah said the new funding will be used to expand its international remittance business and extend its regulatory footprint, as it offers stablecoin-based cross-border payment services for businesses and individuals.
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