The startup Noah, focused on stablecoins, has raised $22 million in a seed funding round aimed at developing infrastructure for international transfers.
Investment and Development of Noah
Noah has secured $22 million in its seed funding round led by venture firm LocalGlobe. Participation also included Felix Capital, FJ Labs, and several angel investors, notable among them being Palantir cofounder Joe Lonsdale.
Former Adyen Executive Joins
Thijn Lamers, a former executive at Adyen, has taken on the role of president and cofounder of Noah. Previously, he worked in Adyen as executive vice president of global sales. Lamers and Ramezani originally met as potential investors, after which Lamers opted to take a more active role in the startup.
Technology and Unique Offering of Noah
Noah’s technology enables instant money transfers across 70 countries and supports conversion between 50 fiat currencies. According to Ramezani, the platform has processed over $1 billion in transaction volume, presenting an alternative to traditional bank transfers.
With its experience and industry connections, Noah aims to establish itself as a leading player in the stablecoin market, striving for a significant position in the modern financial landscape.
