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Noah raised 22 million dollars in a seed round to build a global stablecoin payment network.
The stablecoin infrastructure platform Noah has raised 22 million USD in a seed funding round led by LocalGlobe, with participation from Felix Capital, FJ Labs, and many prominent angel investors. Noah plans to use this capital to build a global stablecoin payment network, connecting fiat currencies and stablecoins through web and mobile applications.
The news also confirms that Thijn Lamers, former director at Adyen, has joined Noah as co-founder and chairman. Noah has processed over 1 billion USD in transactions, allowing users to convert between 50 currencies and send money to 70 countries.
In the context of fierce competition with companies like Stripe, Visa, and Mastercard, Noah is confident in the advantage from his network of relationships with technology executives and banking partners.