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Stablecoin payment company Noah completes $22 million seed round financing, with transaction volume exceeding $1 billion.
On June 10, it was reported that Noah, a stablecoin payment startup, announced the completion of a $22 million seed round of financing, led by LocalGlobe, a veteran European venture capital, with participation from angel investors such as Felix Capital, FJ Labs and Palantir co-founder Joe Lonsdale. Thijn Lamers, the former head of global sales at Adyen, joins as a co-founder, bringing a wealth of resources to the payments industry.
According to reports, Noah offers a stablecoin payment API that can connect to 50 currencies and covers 70 countries, with a cumulative transaction volume exceeding $1 billion. Lamers stated that his network and reputation are one of the company’s differentiating advantages. CEO Shah Ramezani emphasized, “The payment network is more important than the technology.”